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by lp4v4n 40 days ago
At this point I honestly think this is a bit by design.

There is a crazy amount of land in the world, but either it's too expensive or you're not allowed to build over it, or a combination of both. Houses have been built for millennia but somehow in the most advanced period of humanity you're supposed to pay hundreds of thousands of dollars for a roof over your head.

I think that low key the ruling class + landlords are not interested that housing be an affordable thing, so the whole system works to create artificial scarcity. How's the population going to be forced to work unpleasant and low paid jobs if not by controlling their access to housing? You have to be too naive if you think that a few minds in your country's parliament haven't thought of this.

If someday economic activity gets automated enough, and the majority of people are not needed anymore for regular jobs, and this populace gets violent with their ruling class, then I think a lot of housing will be built outside of cities, and the supply of houses will no longer be a problem.

2 comments

> or you're not allowed to build over it,

And those laws were passed with the political will of who?

Now with the benefit of hindsight what causes that seemed legitimate were used to hoodwink those people?

Have those causes and their peddlers lost credibility or legitimacy?

Western society is basically slowly recreating old world landless peasantry because we have adopted bad world views or bad morals or bad ideologies (or whatever else you want to call them) that allow us to be manipulated into incrementally creating the system that produces that outcome.

Complaints about NIMBYism and "ship it overseas and forget about it environmentalism" are sniffing around the right neighborhood, but there's a more general problem here.

> There is a crazy amount of land in the world, but either it's too expensive or you're not allowed to build over it, or a combination of both.

This is true, to a degree. There is another factor and thats WHAT kind of housing we build.

> ruling class + landlords are not interested that housing be an affordable thing

Off the mark, the real people pinning housing prices where they are, are home owners. Home ownership is the leading predictor of voting, and issues that maintain or raise current home prices will drive that up. https://www.gsb.stanford.edu/insights/if-you-lived-here-you-...

Furthermore home ownership is a functionally unmovable number: https://fred.stlouisfed.org/series/RHORUSQ156N (that fed data is interesting and says a lot, capturing the 2008 financial crisis, bad lending hardly moved the needle in real terms).

> controlling their access to housing?

The reality is that this is a social problem.

Boomers are living longer (higher quality of life) and alone. They either took their parents in (cohabitation) or put them in homes. I know plenty of elderly people who are living in large houses, by themselves, who had their parents, at that same age living with them. You're not going to see a bunch of retirees moving in together to save on bills - The TV show "Golden Girls" would not make sense today.

On that note, cohabitation among younger generations is down. Fewer people have roommates, and lots of them "want to live alone" - sharing a house with 4 friends is much cheaper than living in a studio or one bedroom. And there are whole categories of housing, like boarding houses, that have disappeared. Again this is a cultural problem, look at the TV show "Bosom Buddies" - this is something that would be lost on a modern audience for so many reasons.

Part of the cohabitation issue is "renters rights" have gone way too far. There are plenty of people with space, who will not cohabitate because the risk, cost and pain of a renter turning into a squatter is WAY too high. The rules to protect good renters from bad landlords have only served to push out good landlords because of bad tenants.

> If someday economic activity gets automated enough... This will never happen. If you dont think were going to find new things to keep busy and if you dont think were going to find new ways to compete for "dominance" I have news for you.