The system is unregulated capitalism. Glad California is regulating.
Comment on The System does not work.
nanometer1625@thelemmy.club 1 day ago
There is no “system” causing high housing prices. In fact, high housing prices are due to the lack of a system: It’s bunch of homeowners each acting in their personal interest by impeding housing construction in order to increase the values of their own properties. That’s why California introduced a system in which all cities must build housing proportionally, or else their local zoning restrictions are nullified and builders can build whatever they want.
jama211@lemmy.world 1 day ago
Tollana1234567@lemmy.today 1 day ago
Nimby, corporate landlords(aka blackstone), airbnb are the major causes of the increase cost of rent and household prices.
balsoft@lemmy.ml 7 hours ago
All those “homeowners” are backed by a system of violent oppression called capitalism. Homeowners wouldn’t be able to collude and raise prices like this without the police which can enforce evictions and otherwise protect their property.