The difficulty of building new housing, once really a problem only in high-demand urban areas, has now spread even to many low-density areas. NIMBYism, as represented by overly-restrictive zoning laws, combined with a mismatch between demand for housing and the supply of house builders, has created a situation in which housing prices have doubled over only three years in many areas that I would describe as in the middle of fucking nowhere. Constrained markets in necessities is the one area where people who decry income inequality have a legitimate point obviously supported by facts on the ground. We are now in a situation in which those on the right side of the fat part of the income spectrum are in a position to set prices for the entire market. That is: tech workers and those making similar incomes are putting a floor on house prices because there isn't enough housing to go around, so they bid up prices for what is available. While in theory the solution to high prices is high pr...
"Dear Mr. President: There are too many states nowadays. Please eliminate three. P.S. I am not a crackpot."