Reply to Arlington "missing middle"

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[quote=Anonymous][quote=Anonymous]I find the whole debate on the missing middle interesting. I don’t really know where I stand on it. I am an immigrant and grew up in a country that has absolutely no zoning laws. You can build an apartment complex behind a single family home - it’s all good. It’s an island but the government keeps reclaiming the sea so there is always land. Plus it’s not that built uo The permitting process is quick and there is very little bureaucracy. However real estate prices have sky rocketed in the past 20 years or so. The entire country has become unaffordable. Most people blame it on the fact that we have rich people from neighboring countries buying investment properties and second homes, which just pushes the price of homes. Things got much worse when they started allowing anyone from any country to buy a home. Obviously countries are different. I hate to say it but if I were to extrapolate from the situation there, I would say that the only way to bring housing prices is to tax hell out of second homes and investment properties and to further regulate or eliminate REITS. [/quote]

I hit send too soon. I meant to add that I didn’t watch this documentary but I’ve heard good things about it and I think it argues the same thing https://make-the-shift.org/push-how-big-finance-is-driving-up-housing-costs/[/quote]

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