this post was submitted on 16 Oct 2023
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A Boring Dystopia
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Now you know why the boomers raise the rent to the point where it makes everyone but themselves miserable. They consider it financial success, where normal people consider it ruthless exploitation.
Better to talk about how they shaped zoning laws and other procedural matters to block the development of new housing for decades and decades.
Sure, the market price of housing is disgustingly high and you can say that it's exploitative to actually charge it, but a much better question is to ask why the market price of housing got so high to begin with, because the answer to that is more complicated than landlords just asking for as much as they can get. They've always done that, so why as has that ceiling price exploded so much in recent decades? That's where you can start to find actual solutions.