Again, why shouldn't the be allowed to do that? I want to live on Harvard/MITs campus and live next to the smartest people in the world (at least some of them) and have a nice little 3 br house on a half acre. These high home prices keep me out it's not fair!!
This simply cannot work. The most desirable areas in the world are going to have high prices that exclude "normal people" period.
> Houses are for sale, of course, but suppose I passed a law requiring all new houses to be mansions. I'm talking palace of Versailles level amenities, out of reach for all but the most wealthy.
This actually happens all the time. Every time a new subdivision is built in the suburbs this is exactly what happens. Hell, even new condos being built in my small city in the downtown area do this. So unless you're going to mandate that every single development that will house human beings stratifies the cost such that each income level can afford the exact same setup and you don't allow people over that income level to purchase housing, then you will never solve this "problem".
Does it suck and is it not fair that you're not mega rich and can afford to live in Manhattan or in the hippest part of SF? No. That's just a market economy. I also can't buy a Ferrari and have to drive a Honda around. Can I afford a 1.5mm shack in SF? Sure. Why would I do that when I can afford a 1.5mm giganto-mansion on the Great Lakes?
City ordinances, national ordinances, any of those are fundamentally the same thing. You're just arguing about what's most prolific because that's in your field of vision. Why can't I buy an affordable house in Switzerland? Why are they keeping average Americans out?
Why can't I afford a 2br/3b flat in Paris next to the Louvre? Why don't they just fill that place up with skyscrapers?
etc. etc.
Maybe people want to keep their neighborhoods how they are? Maybe the charm that makes a place what it is has value, and should be protected? Why should they lose tens-hundreds of thousands of dollars in value because other people want to move next to them?