alt Hacker NewsPlenty of people with kids are voting to block new housing. It's not that they don't want their kids to be able to afford to pay rent. They're just not making the basic connection between supply and demand.
This just happened in my neighborhood. There was a proposal to build low rise apartment buildings about a mile from the detached single home neighborhood where I live, and people had lawn signs opposing the construction. Perhaps unsurprisingly, the loudest and most active anti-development voices were from Trump supporters. Economic illiteracy used to be the domain of the political Left, but the Republicans are making real inroads in rejecting free market principles, so there's some amount of political realignment. Luxury beliefs indeed.
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> Economic illiteracy used to be the domain of the political Left
IMO the right is not really the right that most of us remember, so it's not worth trying to reconcile their current ideology with the fiscal conservatives of decades past. The current GOP is unserious, their base consumed by conspiracy theories and driven by grievance.
>They're just not making the basic connection between supply and demand.
They don't like my beds. There's something wrong with them! I can't be the problem! -Procrustes
Yes. It's the people's fault for not understanding markets. Couldn't be that markets are fundamentally structurally fucked by an inversion of the demo pyramid. Couldn't be that market participants are just delusional about how much other actors should have extracted from them.
In an area entirely filled to the brim with the "evil" Trump supporters ... new housing is going up, apartments, row homes, single family homes, it's all there.
Nobody really seems to care ... yet.
It's often very instructive to find out who is "behind" both promotion and resistance; because both groups will attempt to find ways to "play both sides" and get opposition moving.