this post was submitted on 17 May 2026
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GDP is such bs.
Our city council, and many city councils, work with big landlord corporations to maintain a certain amount of empty houses. A big component of this is YIMBYs in our city who would push their own children in front of a moving bus if it meant a big developer doesn't pay taxes to build "luxury" apartments in gentrified neighborhoods. Said apartments are required to offer a certain number of "affordable" units son the poors can have a taste of the good life, only $2500 per month for a family of 3 making up to 26k per year, on a single bare unit in a mid sized Midwest city, but don't try to use the front door or the gym.
You get what I'm saying? The affordable housing rules are what keeps these units empty, floating the value of the other units. When distributed city wide, it's a scheme to keep rents high, while the companies building the new buildings don't pay taxes for 25 years.
All the while, touting affordable options to families in need. A couple years ago our city received $14M from the state to provide affordable housing, and gave $11M of it back a year later. And all the while, the only housing people can afford, gets worse and worse.
Regulations differ between capitalist countries, results don't: housing is unaffordable everywhere and landlords are rich all over Europe and North America.
The problem is not with the specific legislation when 25 different legislations give the same result.