this post was submitted on 26 Oct 2024
275 points (81.9% liked)
Political Memes
5390 readers
3523 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is myopic thinking. We all live in one big housing market. If you don't have enough houses built, it doesn't provide housing for the working class. You just end up with multi-millionaires living in tiny homes.
When you restrict the ability of builders to build new homes, they focus on maximizing the profit of the few homes they can make. We had cheap housing in the US in eras where we made it possible for builders to build vast numbers of housing on a colossal scale. That way you can really harness economies of scale and drive down the price tremendously.
There are two ways to make money by making something. You can either make high-margin luxury goods, or you can make vast numbers of low-margin affordable goods. Our current restrictions on home buildings encourage developer to take the former path, when we want to encourage them to take the latter.