Politics

10181 readers

697 users here now

In-depth political discussion from around the world; if it's a political happening, you can post it here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

Subcommunities on Beehaw:

Socialism

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

[email protected]

Bidenomics Isn’t Working For Working People (www.levernews.com)

submitted 1 year ago by [email protected] to c/[email protected]

30 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 1 year ago

Rent prices are dependent almost exclusively on local market circumstances, and essentially all urban markets are plagued by a drastic lack of supply due to underbuilding of housing for decades

That would explain a gradual increase in housing costs over decades, but it doesn't explain housing costs skyrocketing in only a few years.

combined with more and more people wanting to move to cities.

What in the world for? I can't imagine wanting to live in conditions like that.

The federal government doesn’t actually have that much authority to regulate housing, which is something generally relegated to the states.

Well, they're failing catastrophically, and almost no one seems to be complaining. Do people like paying outrageous property taxes?

However, Biden has provided some incentives for loosening zoning codes and some other programs to encourage more housing construction, though there’s a lot of work that needs to be done.

That isn't going to do anyone any good as long as billionaires are allowed to hoard real estate.

Democrat state and local governments have absolutely done a horrendous job here as well, to be clear, though California at least is beginning to change course out of raw necessity.

California is the worst of them. My family and I fled California in the early 2000s because of extreme housing costs. Last I heard, our modest suburban house sold for over a million dollars. Madness. The whole place must be a giant slum by now, with dozens of people per house.