Because they don’t understand Supply and Demand. They don’t get what happens when you limit supply. Why work has failed us: Having a job doesn’t mean you can afford a home.
It is mostly about California and the San Francisco Bay Area in particular. I won’t bother to quote anything because it is laughable. Every time California Politicians want to “get cred with the Greens” they make it more difficult to build houses. (Did they just mandate renewable energy, or was that Oregon?)
Limit stories. Limit building. Limit housing. Then when housing becomes stupidly expensive, they blame business for not paying people enough to afford housing. That isn’t the problem. The problem is there is no housing. If you gave everyone a million dollars a month, a decent apartment would rent for a million five. It’s like musical chairs; someone gets left out. They need more
chairs housing. Then add in rent control – so who wants to build apartments if the .gov can wipe out all future income? Gee, I can’t imagine why there is a shortage of housing in California.