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6 sats \ 1 reply \ @SimpleStacker 7 Jan \ on: Ireland and the Housing Crisis Politics_And_Law
I hadn't thought about the cultural aspect, of more people needing to be housed individually. Is it really true, though? Plenty of young single people live with flatmates.
In large American cities, and I imagine Dublin is going through something similar, the biggest culprit for lack of housing is regulations on density. There's no land to build, so the only way to build is up, but regulations prevent that.
I have mixed feelings. As a homeowner, I like my nice single-family neighborhood, and I economically benefit from the regulations. But I also see how it is really putting a strain on peoples' ability to live and work in the city. In the long run, it's not good for the city's prosperity for us to restrict housing development so much.
I guess that we can all put ourselves, if we are homeowners, in the situation of profiting from someone else’s difficulties. As homeowners, when the price goes up so does our capital gains, unless you take into consideration the illegal property taxes #836089. So, the dilemma is do we want more housing or less being built, more rules and regulations or less to keep our home values high? You can see from the actions of the local governments which choice people are making.
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