> That’s partly because restrictive zoning and overzealous building codes drive up the price.
The problem is self-inflicted. As ever, it is the government that causes this problem. They do not want third-world shanty towns popping up, but on the other hand the demographic with incomes below $15 000/year will not magically disappear either.
I live in Southeast Asia. American zoning -and building codes would mean that 95% of the population in this country would be homeless, destitute, and begging in the streets. They are not and at the moment they are still doing fine, but only for now. Someone could copy bad ideas, imported from elsewhere, and start kicking out people into the streets.
The problem is self-inflicted. As ever, it is the government that causes this problem. They do not want third-world shanty towns popping up, but on the other hand the demographic with incomes below $15 000/year will not magically disappear either.
I live in Southeast Asia. American zoning -and building codes would mean that 95% of the population in this country would be homeless, destitute, and begging in the streets. They are not and at the moment they are still doing fine, but only for now. Someone could copy bad ideas, imported from elsewhere, and start kicking out people into the streets.