A guy just transcribed 30 years of for-rent ads. Here’s what it taught us about housing prices
Michael Andersen

Regarding the “add more homes” part of this message. That is exactly the part that is curtailed by the “more green spaces” movement in California. The well off people already there zone out land available for development, driving up the cost of the remaining land that is available, and the houses on that land. That drives up the cost of existing housing; which drives out the less well off on whom the local economy depends for its service jobs; which means they have to commute longer and longer distances to work there, on more and more congested roads; which drives up the pay that must be offered to get people to screw up their lives like that. But people who bought those tiny houses in the 1960s can now sell them for a million bucks and retire.

Can’t tell me that those one percenters pushing for those green spaces didn’t know what they were really doing all along.

Like what you read? Give Rick Fischer a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.