financy
307 posts

financy
@financy505
young crypto enthusiast 🗯️ | finding ways to make money 💰 | $ATOM $OSMO $TIA | finance student 🥸 | airdrop hunter 🪂

Land is scarce precisely because municipalities and governments keep it scarce Land is zoned for residential, commercial, rural, farming, nature etc. depending on how countries structure this around the world In Portugal for example there's urbano (buildable) and rustico (non-buildable) land It's up to government to make more land legal to build upon, cities do this all the time btw: because cities expand and grow But home owners don't wanna lose their investment, and so they elect politicians who maintain that path A lot of not-in-my-backyard (NIMBY) anti-building sentiment is based on eco reasons too: "we have to preserve nature" etc. Fair, but the real reason is protecting investment Politicians generally can't help reduce or even stagnate prices by building more, they'd get elected (more like ejected) out of office That is until the problem of not being able to buy or rent becomes untenable for most of the population Which is soon I think



















