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by leaves83829 93 days ago
This! >> I'd assume this is largely because in the current information ecosystem, people don't understand what's in their economic interests.

It's wild that even renter's aren't voting for more housing. I think it's because basic economics isn't taught in k-12 or even college anymore and this is causing a lot of problems.

Of course, there are other solutions too, like starting new cities and incentivizing companies to move there in the beginning. People follow jobs, they have to, now more than ever. if companies move there, people will follow. How is that we used to be able to create new cities and yet now, we all the sudden can't. has our material wealth really dropped so low that we can't afford to build new cities?

and what about down-sizing? in hong kong, you could create bed sized units at a fraction of the cost of a full sized apartment. microapartments? etc? all NOT legal. i think it's wrong of the city to decide that for people. individuals should be able to decide whether they want that or not, rather than being forced onto the streets.

2 comments

Many people are not driven entirely by their economic interests, thus you can see people wearing clothes not from the Walmart bargain bin, driving cars with electric windows, and eating out instead of cooking rice and beans at home. Renters, just like home owners, want to live in the most comfortable home they can afford in general.

People who lament the lack of rentable pods and don't understand why anyone would pay more for a bigger house in a quitter neighborhood or just for a nice view exist, but you are in the minority. Thus renters are not going to vote to live in a ghetto so they could save a few hundred on rent.

> It's wild that even renter's aren't voting for more housing. I think it's because basic economics isn't taught in k-12...

Teaching economics is not the solution (see papers on financial literacy). Rationality is hard and even highly educated people have terrible models of cause and effect. Even your own dependency analysis implies that voting for X helps to get Y (which hasn't been my personal experience).