State regulations and taxes are the problem. The people who can afford to build apartments are big money. Reduce zoning regulations, property taxes and get rid of Urban Growth Boundaries to expand land use and create competition. Then rents would go down. Government over reach is the problem period.
We moved to Bend, after our town of Paradise, ca. Burned down to buy a home and got priced out immediately! We are now "Apartment Dwellers", that feel somewhat without a stake in this "Great Community!"
The only positive is for the ultra-wealthy people and large corporations. There are no benefits for the average American taxpayers. It will cause more inflation. That means even higher prices for groceries and other goods.
And RENT CONTROL!!
ReplyState regulations and taxes are the problem. The people who can afford to build apartments are big money. Reduce zoning regulations, property taxes and get rid of Urban Growth Boundaries to expand land use and create competition. Then rents would go down. Government over reach is the problem period.
ReplyWe moved to Bend, after our town of Paradise, ca. Burned down to buy a home and got priced out immediately! We are now "Apartment Dwellers", that feel somewhat without a stake in this "Great Community!"
ReplyAnd Bideneconomics
Reply