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Or it's because those with money to build property are inherently exploitative of those living there.
by Brozilean 7y ago
Or it's because those with money to build property are inherently exploitative of those living there.
- quotemstr 7y agoIf using money to buy property is "exploitative", you've redefined that word into meaninglessness.
- dev_dull 7y agoIt’s better that chunk of land stays an empty lot and we all pay more and more for rent. Otherwise we’d be getting exploited!
- dgoldstein0 7y agoAnd the best way to fuel that exploitation is to give the existing set of landowners an effective monopoly by disallowing new construction. If we instead encouraged new construction (via less red tape and other means) we should expect rents to go down as the supply expands - or at least for them to rise less.