As soon as you look at the zoning of LA, the housing problem there becomes clear as day, even for someone who doesn't visit very often. I don't know what you would call this system but LA's problem is that the folks that have the power to fix housing have zero interest in doing because it would hurt their self interest. Housing is only a "problem" if you haven't bought a house yet, once you purchase a house, all the…
> I don't know what you would call this system but LA's problem is that the folks that have the power to fix housing have zero interest in doing because it would hurt their self interest. If they upzone my single family home lot I will make out like a bandit. Developers will be all over this neighborhood, building townhouses galore. The last townhouse to sell in my neighborhood went for 2.1MM+. Upzoning does not magi…
That will only happen if the state guarantees to pay those "greedy developers" that they've been lambasting all over the media a bunch of money to build those units. A developer will simply refuse to build any housing at all if they're forced to sell the units at below rate when they can instead make more money building housing in some other market.
> These oversimplified narratives on HN are so tiring.
I agree and you're making another one of them.