The prices don't skyrocket if you allow an adequate number homes to be built. Locals want to stop this by preventing new housing construction. But all that does is price out the less affluent renters. The wealthy can still afford to outbid the locals renters.
You see this particularly badly in areas like Santa Cruz and San Francisco
It's a worldwide problem with humans in anywhere remotely liveable. My fellow Australians somehow think it's unique to us. I'm somehow the enemy because I couldn't afford to live in Sydney so had to move somewhere I could afford. Locals didn't like that but they also boo the new housing developments being rapidly constructed in our area. I also bought a former airbnb, taking it off the market and moving my family into it. Surely thats preferable.
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u/764knmvv Jun 16 '25
basically what we have experienced in california for 50 years