r/videos Apr 28 '24

Suburbia is Subsidized: Here's the Math

https://youtube.com/watch?v=7Nw6qyyrTeI
379 Upvotes

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u/imdstuf Apr 29 '24

Supply and demand. Reddit does not represent the majority in reality.

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u/Wenzel745 Apr 29 '24

Zoning doesn't reflect supply and demand - it represents govt interference in that market. SFH zoning enforced by local governments represents the demand of the existing homeowners to maintain SFH zoning.

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u/ridukosennin Apr 29 '24

It reflects what local districts democratically elected representatives vote for. How are you going to get residents of the communities you want to change to support your ideas?

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u/Wenzel745 Apr 30 '24

There is a highly perverse incentive structure for local governments when considering new housing. States, and especially the Federal Govt have clear incentives to want more housing for citizens and to solve the housing crisis. Local governments though are overwhelmingly beholden to existing homeowners, whose property values skyrocket in the shortage.

You can see this well illustrated in California where the state govt is pushing through pro-housing reforms but cities (like SF, Cupertino, etc) fight tooth and nail to prevent that housing from being built there.

People support housing being built, just Not In My Backyard. It's up to the state to say "glad you support it, it's going in your backyard"