All the government has to do is nothing. Just stop actively repressing new housing construction, and market feedback will solve the housing crisis.
People want homes. Markets respond to what people want. The mechanism that’s creating the diff between those two is heavy-handed zoning that artificially suppresses new construction.
The most profitable thing is serving the most people. People produce value, and if you can serve them you can get them to trade that value to you, and get rich. That profit is being denied by zoning rules which specify how many dwellings can be on an acre, for example.
It’s okay to prevent highly polluting industries from existing next to playgrounds. It’s not okay to tell someone they can only build single family homes in a place where it would be more profitable to them to build an apartment building.
All the government has to do is nothing. Just stop actively repressing new housing construction, and market feedback will solve the housing crisis.
People want homes. Markets respond to what people want. The mechanism that’s creating the diff between those two is heavy-handed zoning that artificially suppresses new construction.
The most profitable thing is serving the most people. People produce value, and if you can serve them you can get them to trade that value to you, and get rich. That profit is being denied by zoning rules which specify how many dwellings can be on an acre, for example.
It’s okay to prevent highly polluting industries from existing next to playgrounds. It’s not okay to tell someone they can only build single family homes in a place where it would be more profitable to them to build an apartment building.