Comment on Is it better to rent a cheap/shitty place, or rent something suitable that you struggle to afford?
Cryophilia@lemmy.world 2 months agoIt’s not a market failure, it’s a deliberate constraint on supply by local governments, in most cases. It’s local government interfering with the market.
Developers would LOVE to build more housing. Not that I’m any fan of developers, but they’re not the cause of the supply shortage here.
NeptuneOrbit@lemmy.world 2 months ago
No one is making low cost housing. Yes sure making more houses might stop the bleeding on cost.
But no developer is like “yeah I want to build some affordable housing. Something those stuck in the slums aspire to”.
They make the shit with the best margins.
whoreticulture@lemmy.world 2 months ago
I think it’s both. There is a lot of NIMBYism and local homeowners like to vote against affordable housing. And of course, the homeowners are all old and retired and have time to harass city councils.