No minimum parking, no height limit, no maximum FAR, no maximum unit count.
yeah get rid of these next and you’re set.
It’s gonna take a lot of work, man. The regulatory capture here is extreme.
Everyone wants to point to capitalism for this, but this is what happens when you kneecap any economic system. That’s why it’s all over the world.
This is specifically about Australia, but essentially all 3 parts of this piece (and related linked essays) sum up how to solve the housing crisis worldwide.
https://theemergentcity.substack.com/p/how-to-solve-housing-unaffordability
Boils down to:
1: change zoning laws to allow more multifamily construction
2: remove incentives for homeownership and generally disincentivize single family homes
3: build for density in ways that reinforce and support density
If you want more info, basically every mainstream economist in the world agrees this is the solution, and that this is a manufactured problem. It’s a result of regulatory capture by homeowners, essentially. There are many, many papers about it.
Here’s an easily-digestible article
https://www.businessinsider.com/economist-how-to-fix-america-housing-crisis-rural-cities-2022-10
And a well-cited study in an economic journal:
https://sites.lsa.umich.edu/mje/2022/12/30/the-economics-of-the-housing-shortage/
All these sources agree, because this is the solution. Realistically, the only bad solutions are subsidizing more demand via things like rent control - these will only make our problems worse, kind of like how adding more lanes to a highway doesn’t fix traffic.
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Unironically the answer is “shop less.”
Prices on goods rise when demand for goods stays sufficient to support the price going up. The less everyone buys, the less things will cost.
Prices for goods have almost nothing to do with the price of rent, but the mechanisms there are the same - it’s just that you have to encourage building rather than “live somewhere less” because the second option really isn’t tenable, for obvious reasons.
If you want rent to come down, campaign for, vote for, or even run for office to be the candidate that will change zoning laws and encourage building multifamily housing.
You’re suggesting, with a serious face, that the fact that real estate investment trusts exist means that “rich people own the buildings their companies are in and want return to office to raise the value of those buildings.”
That’s a thing you think is real?
Be honest with me. Did you find out about REITs from a meme?
Your downvotes confirm my theory that you get your world view from memes.
I can name a fortune 100 bank that isn’t run by total asshole that does.
Efficiency wins in the end.
C’mon man. You’re being serious?
It doesn’t matter how profitable the company is. It only matters how much the people who want to buy your shares are prepared to pay for them.
Man I am not being mean here, I promise, but you need to hear this: Stop getting your worldview from memes.
These things you say are so wrong that unpacking them would take quadruple the space and effort of you saying them. If profitability doesn’t matter, why is there negative wage pressure from employers? Why is there a community called work reform??
Also the meme “line goes up” isn’t about businesses, it’s about global poverty.
My last job was remote for a fortune 100 company. Large companies are 100% on board with this because it is efficient. It’s only executive discretion arguing against flexible work.
Efficiency always wins in the end.
Because they also hold shares in the companies that rent offices
You know this isn’t true, right? Like, you know that?
Shareholders like to hear that employees are having to come to the office, being fired, or pissing in bottles. It means more money for the shareholders.
How would any of these things necessarily correlate to more money?
Father Christmas by The Kinks is my all-time favorite Christmas song.
https://youtu.be/fPPCPqDINEk?si=8V0_zTG1MOv2luIx
I have a very weird history with and a love/hate relationship with Christmas, but this song is always atop every Christmas playlist I’ve ever made.
I am amazing at geography, so that’s not an issue.
The real problem is getting around once you land, and I can say with absolute confidence that is universal.
One reason it’s dangerous for me to drink in the UK is that everyone from the UK sounds like a small child to an American.
So yeah, big language differences. Some soccer hooligan would get all mad at the telly about his footy and I’d end up being stabbed for laughing.
TSA fails 95% of their assessments
https://fee.org/articles/tsa-fails-95-of-the-time/
What they successfully do is pose enough of a barrier to entry that most people trying to skirt TSA don’t try. If they genuinely tried, they’d likely succeed
Car insurance ads are vastly better for people, for the economy, and even for road safety than health insurance companies are for people.
Health insurance, as a market, is an externality.
So is Egypt occupying Gaza? They’re involved in the blockade.
Cool. I’m down with that.