this post was submitted on 01 Nov 2024
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[–] [email protected] 8 points 2 weeks ago (10 children)

It sure would be nice if folks on the left stopped using the term "neoliberal" as shorthand for "something I don't like". Words have meanings. A neoliberal housing policy would be a bunch of 5-over-1 in mixed zoning. The housing crisis is caused by many factors:

  • sky-high construction costs
  • restrictive zoning
  • lack of co-op condos due to insufficient startup finding
  • protectionist policies designed to shield homeowners from any drop in property value
  • too-low interest rates for the past few dacades
  • lack of other good investment options
  • increased prominence of REITs and real estate holdings in pension funds etc
[–] [email protected] 12 points 2 weeks ago (3 children)

Their premise is that the free market drove up the price of houses. Deregulation that is to say end of social housing programs led to this. Is that not neo-liberal? High construction costs come mainly from high cost of labor. The market driving up costs isn't free market? What protectionist policies are there? When have property values been under threat of dropping. They've been ever increasing due to market demand. You say "lack of good investment". Others say investors determined housing was a prime investment. Ditto for your last point.

a bunch of 5-over-1 in mixed zoning

What does this even mean?

[–] [email protected] 3 points 2 weeks ago

5-over-1 refers to a building/zoning design where you have one floor of commercial business space on the ground (typically small businesses, cafés, etc.) and then around 5 floors of residential apartments above it. Your classic "mixed use" neighbourhood: great for land values, walkability, sustainability, transit, cycling, etc.

I'm dubious about the claim that neoliberal policies naturally lead to this design though, as those with the money routinely seem more interested in paving a few hectares of green belt and filling it up with single family homes.

What would be helpful is for zoning bylaws to start redrawing cities with more 5-over-1 areas, replacing wide/noisy/dirty/dangerous through roads with narrow winding ones and broad sidewalks littered with trees and cafés.

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