Landlords do not build. And often oppose new development that risk lowering the ... | Hacker News

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		orwin on Oct 22, 2022 \| parent \| context \| favorite \| on: More than 60k rent-stabilized apartments are now v... Landlords do not build. And often oppose new development that risk lowering the price of their investment.

imtringued on Oct 22, 2022 | [–]

They don't build because local homeowners vote for more restrictive zoning. Private corporations benefit anyway because their property values go up.

parineum on Oct 22, 2022 | [–]

And how do they oppose development?

Do they break the kneecaps of their potential new landlord rivals so they don't build new apartments and provide competition?

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