Northstar1989 t1_iy4lw82 wrote
Reply to comment by Hodgkisl in This is the first house 3D-printed from bio-based materials - The new technology could come in at a key moment. by speckz
>Existing home owners can win as well
Only once, when the construction costs drop.
Eventually the new, higher housing prices (because the drop in construction costs actually leads to an INCREASE in housing prices dur to artificial scarcity. Counterintuitive, I know...) phase into the housing market through homeowners making upgrades to larger homes and first-time buyers.
So, everyone loses in the end except the banks, all due to zoning laws.
Hodgkisl t1_iy4m5f5 wrote
My apologies I was referring to NIMBY laws in general, the rapid rise in home prices can benefit existing owners when they sell and leave the area.
Northstar1989 t1_iy4omm2 wrote
>the rapid rise in home prices can benefit existing owners when they sell and leave the area.
Again, once.
In the long run, even existing owners (who are younger, and still looking to upsize rather than downsize) get screwed, as well as everyone who doesn't currently own a home and rents.
Not coincidentally this latter group is disproportionately poor, brown, and young. All groups conservatives love to screw over.
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