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Cities Are No Longer Escalators of Opportunity, MIT Study Finds

5 pointsby daknaalmost 5 years ago

1 comment

0xyalmost 5 years ago
The more governments &quot;focus on housing&quot;, the more prices rise. Rent control is rife with abuse and pushes prices up elsewhere, and governments tend to heavily restrict zoning and building regulations so that builders can&#x27;t build.<p>If someone wanted to build ultra dense skyscrapers in NYC with very small apartments for poor people it would never be allowed.<p>Compounding the problem, once people &quot;make it&quot; and own a house, they vehemently vote for NIMBY policies to preserve their house&#x27;s inflated value.<p>The thing that damns this article the most is the claim that minimum wage improves opportunity, a fact so clearly wrong it&#x27;s almost as if they&#x27;re pretending it has never been tried and failed repeatedly.
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