Rent is only high because of artificial scarcity of real estate. The scarcity only exists because building new housing is decided neither by supply and demand nor central government planning, but by the people who accumulate more capital if housing isn't built.

[–] lastinsaneman@lemmy.wtf 15 points 1 year ago (1 children)

We really need to push for the feds to step in and start constructing government housing against the will of the NIMBYs and local and state governments then.

[–] VentraSqwal@links.dartboard.social 6 points 1 year ago

California has finally started forcing local governments to build more housing to stop the NIMBYs bit it's still going to take so many years for housing to catch up even if they start now.

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