basically by tying it to federal funding to force states to allow more housing to be built, which is how the federal government got the states to all raise their minimum drinking age to 21 in the 1980s.
basically by tying it to federal funding to force states to allow more housing to be built, which is how the federal government got the states to all raise their minimum drinking age to 21 in the 1980s.
Fr. Capitalism incentivizes homeowners to block new housing because they want to "protect their investment" and that's how we got high rents.
That is not an example of market capitalism. It's an example of regulatory capture by homeowners: capitalist developers would like to build more housing, but homeowners cause the local government to block this.
With housing, we are in an unusual circumstance where both less government intervention (let people build more housing) and more government intervention (build public housing) would be better than the status quo.