I find it interesting that during the mortgage crisis, banks couldn’t wait to unload the housing they were left with at fire sale prices, and now investment firms are overpaying to monopolize the housing supply.

@Fried_out_Kombi@lemmy.world
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1Y

It certainly doesn’t help that it’s literally illegal to build enough housing across the vast majority of urban land (at least in the US and Canada). Nothing like good ol’ fashioned manufactured scarcity to guarantee line keeps on going up.

It’s the mother of all regulatory capture, where our local governments (who are supposed to represent the needs of the people) have passed so many frickin laws to systematically manufacture and maintain the artificial scarcity of housing that keeps these ghouls’ investments so wildly profitable. Restrictive zoning that makes townhouses and duplexes literally illegal? Check. Arbitrary and pseudoscientific parking minimums? Check. Setback requirements so everyone is legally required to have a massive resource-consuming, space-wasting front lawn whether they want it or not? Check.

Utter insanity.

Except this is because of zoning and zoning exists because of racism.

Striker
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41Y

Imagine legally forcing everyone’s house to look the same. Seriously lawn laws in are so bonkers yet nobody bat’s an eye at them.

True Freedom™ is when the government forces every single person to have identical, ugly-ass front lawns for completely arbitrary aesthetic reasons, clearly /s

credit crazy
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61Y

It honestly amazes me how Americans warship freedom while they don’t use it at all and shame people for being free

I honestly think many people don’t really know what freedom means. They think it’s a one-way street that means they can get whatever they want, but they never consider that freedom means other people can do what they want, too.

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