I believe you misread what I said about spillover. I stated that the *consequences* spill over to the broader market. The rich can handle it – it’s the less wealthy, immigrants, and others who want to move to that city who suffers. As I’ve advocated numerous times, the long-term solution is liberalization of zoning to allow for an increase in supply. Until then, only the lucky ones who already live in that city benefit.
I don’t have enough information to address the “racism” remark, but to blame one race for the problem sounds like you fit the definition of racist…
]]>What the government CAN do is make zoning easy and free. Pre-zone empty lots all over dense cities for Micro-housing (80 units can be built on the footprint of a single family home). Encourage these units, as well as granny flats.
And most importantly – change our property tax system to encourage dense living and reflects the number of people living in a dwelling. A single man living in a 2000 square foot house should pay more than a large family with a rented garage. If renting out your garage cut your property taxes in half, and the zoning was non-existent (and fees were waived) – it would create a ton of low-income rental options.
Government should take their affordable housing funds and match it towards freeing up red-tape and the ability for the MARKET to solve the problem – then see who wins the race.
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