Submitted by twentiesforever t3_10wm8vs in vermont
Hellrazor32 t1_j7piy8f wrote
Reply to comment by thisoneisnotasbad in How Can We The Increase Affordable Housing Supply? Ideas? by twentiesforever
Locals are pricing out locals. Both in the rental market and in buying markets. Scarcity of housing drives up cost, and refusing to build is what creates the scarcity. There are definitely NIMBY Vermonters who don’t want housing options to decrease their property value. A development of 10 homes across road from their home could mean they only get a 100k profit rather than 200k when (if?) they eventually sell.
Necessary_Cat_4801 t1_j7rxqon wrote
It's both. And the nimbyism isn't always "locals".
Hellrazor32 t1_j7sbu2c wrote
True.
Viewing a single comment thread. View all comments