The complaint is that good jobs are accruing to particular areas, through nothing the inhabitants of those areas have done, and then the locals are using that accrual of jobs to boost their own property prices.
Housing in a specific locality is a weird luxury item because people often don’t really want the housing, they want access to the job market.
So an underlying question is “are we okay with citizens enriching themselves by gatekeeping the good jobs behind a paywall?”
Their desire to enforce scarcity is causing societal issues as workers demand more wages to pay for the housing, prices of everything go up as a result of wage demands (among other things), and the US deals with its citizens funneling ever greater portions of their income to housing.
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