The invisible laws that led to America’s housing crisis - eviltoast
  • Illegal_Prime@dmv.social
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    1 year ago

    I don’t think the “corporate greed” argument is that relevant here, not having to buy all of those things means someone has more disposable income, so spending I don’t think really changes, it’s just you spend less on necessities and more on “fun stuff” so to speak. There’s not much imperial evidence to support it either way, and most of the opposition to zoning reform comes from NIMBys who are scared of any changes in the neighborhood and maybe a little bigoted.

    Speaking of which - developers: They have good reason to support denser housing, they’ll get higher returns on selling more houses or apartments on the same land. The reason houses are built huge and expensive is that zoning laws specify large minimum lot sizes, forcing developers to sell what few homes they can build for higher prices. Single family zoning creates artificial scarcity (again mostly out of bigotry and paranoia). If developers weee given more freedom to build what they want, it would be most economical for them to build transit-oriented rowhouse developments. This was standard practice a century ago, but since then it’s mostly been banned.

    • FireRetardant@lemmy.world
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      1 year ago

      Unfortunately, the political climate favours corporations over public opinion, so corporations have the real power to change our policies. I doubt they would want anything that helps local busniesses thrive (like density and transit) and reduces our dependancy on products like gasoline, cars, and bulk processed foods. Building in a way that the only convenient option is to drive to whatever strip mall is close to you ensures that the corporations in the strip malls and big auto/oil still get your money while they are subsidized by cities/governments.

      • Illegal_Prime@dmv.social
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        1 year ago

        This seems rather conspiratorial in my opinion, though it’s probably true in a few cases, I doubt it’s the majority. I think a lot of the pushback is from older people who are resistant to the idea for a variety of reasons, and they also happen to be more civically active in a number of places.

        I see far more evidence do the latter than the former.

        • kklusz@lemmy.world
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          1 year ago

          Ditto on pushback coming from private citizens rather than big corporations. I’ve seen it with my own eyes, NIMBYs in my neighborhood killing a proposed denser construction project. The “greedy” development firm wanted to build, the NIMBYs killed it. The article itself even mentions this, this is democracy doing its thing:

          Homeowners wielded huge political influence to block any changes they believed could hurt their property values.

          Blaming corporate greed is a stupid take. If only we relax NIMBY zoning laws, then the “corporate greed” of developers would automatically incentivize them to build all the dense housing we need (they are in fact very happy to build denser smaller lots if allowed to, contrary to what fire retardant claims), and finally start increasing the supply of housing in order to lower market price.