Every single major population center that has distorted (high) housing costs relative to income, also has very strong protections for the existing home owners (NIMBY). "There are no coincidences..." The solution is terrifyingly simple: don't allow existing residents to block new housing developments. If they don't like it, they can move. This will probably never happen in the U.S., because the government no longer fu…
>If they don't like it, they can move. Can't you say the same for people trying to move in? There's plenty of places in the US that you can still get a house for under 200k.
I bought 3 houses all for under $20k each over the past 2 years. I use them all as rental houses. You can get waaay under $200k. The problem when you bring this up to people online is they say, "well I would never want to live there". So they are very happy to tell people that already live somewhere that they can move if they don't want new large housing complexes built, but if you tell them that they can move to somewhere more affordable, they act like you are attacking their human rights.