[tbrownaw]

> It's harder than you think to argue for a house price decrease when it's the singular asset that most older adults have most of their wealth tied up in.

The only thing they can exchange it for is another house or an alternate form of housing. Because you have to live somewhere.

But what I have seen is worries about social class and sharing space with new neighbors who act like they're from the next rung down on the ladder. Which isn't all that different from the usual objection to short-term rentals.

[dghlsakjg]

Yes, but many people use geographic arbitrage to exchange their house in a supply constrained area for a house elsewhere and enough money to never have to work again. Notably, the more you can work to restrict supply once you already are in the market, the sooner you can move to Costa Rica.

If I could lobby my government to restrict other people’s use of their property in a way that would give me enough money to create a generational wealth in exchange for moving somewhere with cheaper houses, I would be very tempted to be that asshole.