The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.

  • NatakuNox@lemmy.world
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    1 year ago

    Zoning laws have a small part to play. The biggest issue is the privatization of the housing market. The government needs to get involved in building single family homes.

    • Diplomjodler@feddit.de
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      1 year ago

      Zoning laws absolutely play a huge part. They are the main tool of NIMBYs to prevent new construction of affordable housing.

      • NatakuNox@lemmy.world
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        1 year ago

        If you think developers well build housing that is affordable for the average American once zoning laws are changed, I have a bridge to nowhere to sale you. Zoning is an issue but there needs to be a counter balance of none profit based housing. Many modern nations have already switched the bulk of their housing to the nonprofit model and it works! Once zoning is changed Best case scenario is apartment buildings with rent no one can afford. We need more home owners in America. But the whole industry is focused on building rental properties.

      • NatakuNox@lemmy.world
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        1 year ago

        I think we are saying the same thing. Even without zoning, now all that would change is chemical plants and dumps popping up around working class communities. Wealthy people will snap up rezoned land close to their houses. The housing crisis goes way deeper than just zoning laws, to the point they are just a tool of many.

        The tldr version: zoning was initially used to keep minorities out of areas and was changed into it’s current form once the majority of money had already pooled in to too few hands.

          • NatakuNox@lemmy.world
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            1 year ago

            The alternative is government building single family homes using eminent domain. I’m not saying zoning isn’t a issue but places have tried removing them and developers have zero incentive to build affordable housing.

    • afraid_of_zombies@lemmy.world
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      1 year ago

      Small part? My city is getting richer and richer while rents are exploding all the while my block is dying because zoning laws won’t let any of it be changed.

      • Uranium3006@kbin.social
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        1 year ago

        When it’s literally illegal to build dense housing within 50 miles of a big city it makes a big diffrence