Rents are already through the roof. If that hasn't incentivized builders to build enough housing to lower rents in places people want to live, why not go for the centralized solution?
CMV
The "let the free market take care of it; government intervention can only make it unaffordable" view is standing on extremely shaky legs today.
> The "let the free market take care of it; government intervention can only make it unaffordable" view is standing on extremely shaky legs today.
The term “NIMBY” is commonly used to describe people who prevent new construction of housing. They typically use legal maneuvers (like requiring years of environmental review) to do this. By allowing this to continue, government intervention supports unaffordable housing.
CMV
The "let the free market take care of it; government intervention can only make it unaffordable" view is standing on extremely shaky legs today.