The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.
The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.
I think we are saying the same thing. Even without zoning, now all that would change is chemical plants and dumps popping up around working class communities. Wealthy people will snap up rezoned land close to their houses. The housing crisis goes way deeper than just zoning laws, to the point they are just a tool of many.
The tldr version: zoning was initially used to keep minorities out of areas and was changed into it’s current form once the majority of money had already pooled in to too few hands.
The alternative to shitty zoning laws is not abolishing zoning laws, you know?
The alternative is government building single family homes using eminent domain. I’m not saying zoning isn’t a issue but places have tried removing them and developers have zero incentive to build affordable housing.