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Culture War Roundup for the week of March 27, 2023

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what's to keep anyone from undercutting them

Why do you think Blackrock keeps buying every open lot with somewhat permissive zoning and converting it into apartment buildings. This is them trying to undercut the SFH mafia. However, it is in their interest for zoning laws to not get tooo permissive. Because they would suddenly have to be competitive, instead of just being marginally better than a SFH landlord.

As of now, it is illegal to build in most parts of the US. The US has only 1 dense city and that's Manhattan. Include the 5 boroughs, and NYC is remarkably underbuilt for its demand. Who controls if building is legal ? -> the landlords for that locale. (It is not that simple, but I'm skipping over a lot of nuance to make my tl;dr point). That's why I call it a colonial extraction racket.

Pretty much nobody in modern America is that poor, fortunately.

Yep.