Also please correct me if I am wrong, I haven't dug too deep into YIMBY aside from surface level digging.
Also please correct me if I am wrong, I haven't dug too deep into YIMBY aside from surface level digging.
I think you're probably wrong, yes. Having lived in cities with rent control, what I've observed is people who get into a rent-controlled apartment simply NEVER leave it. They pass it down to family members. They unofficially sublet it for years. They are not particularly poor, they just are paying below market for rent so why would they ever give up that sweet deal? And therefore one rental unit is off the market, and the rest of us are competing for the remaining apartments and subsidizing the low rental unit. I would prefer we let rents equalize based on supply and demand, and the government just supplement the rent of low income individuals.
Yes, because they're rare, and the only way to not be uprooted. How are you posing this as a bad thing? If there were more rent control, then this wouldn't be a problem. Why should rent get to rise so drastically above inflation? The core reason it does today is because people are buying them endlessly as investments, and as the property exchanges hands at completely arbitrary values, the new owners have to raise rents.
This isn’t based on what they paid for the property, though the value of a property will at least in part be based on the income it can generate.
If rents seem too high, it is because demand has outstripped supply, and the marginal renter in the market has more money than you do. If you want rent to come down for everyone, you can:
1. Reduce demand by making the area less desirable.
2. Increase supply by making more rental units.
Rent control is just a lottery that benefits the people lucky enough to get it at the expense of everyone else.
I had a rent controlled apartment for 5 years in San Francisco. Which, incidentally, I was subletting from someone who had moved to LA but didn’t want to lose his place in case he came back. In no way was I deserving of special financial treatment, I had a high paid tech job, and a wife making decent money. Anyone else who moved into my neighborhood was paying literally double when I left.
It was nice to randomly get a $20k/year windfall, but did not feel like sound housing policy.
In contrast to most economic issues, rent control has robust bipartisan opposition.
You can encourage graceful lowering of prices by putting in inoccupancy taxes.
Rent control is easy to fuck up, and almost every place in the US that implements it half asses it by either making it only apply to part of the city, allowing unlimited rent increases between tenants, disallow reasonable rent increases for improvements, and so on. Rent control has to be implemented well to work. There are plenty of examples of cities where it works wonderfully, and plenty of places where there is multipartisan consensus in favour of them.
I don't understand what you're getting at with construction freezes and so on. The basic principle is that badly implemented rent control in badly palnned cities can exacerbate problems, while well designed rent control in well planned cities can solve problems. It's not a magic bullet but its not a curse either.
This is a big topic; I guess I’d say to just read more about how it’s gone historically and why “just do it better” isn’t viable. Appreciate the zeal.
I've read a lot on how it's gone historically, and you'll even find economics literature over natural experiments showing positive outcomes for rent control.
I gave you a set of characteristics of well implemented rent control laws. If you could show me an example of where those failed I'd appreciate it, because I can give you examples of where those succeeded and are still working.
It should be self-evidently a bad thing that a small number of people benefit from artificially low prices, up to 1/3rd of whom are not low income (from what I've read).
I don't have a strong opinion on whether rent should be "allowed to rise above inflation", though I don't think you understand how pricing works in a market system. There is a market clearing price, which is not dictated by the price that the owners buy it for.
I'm not opposed to more radical solutions to housing distribution, as a lifelong renter I'm certainly not happy about the money I pay in rent annually, but I don't see how the status quo of rent control does much to help control prices.
I also pay a very high rent currently, but my landlord also loses money on the building maintenance and upkeep, as well as regulatory compliance costs. So it's not that simple.
1. Nothing artificial about it.
2. Just expand the fraction of rent control and more people will enjoy it.
3. If X% of renters are in rent-control apartments, they don't contend with us on non-rent-controlled properties. That's not a huge effect but it's _an_ effect.
4. "My landlord also loses money" - ok, I call BS. Either you're not a renter or you have some other kind of ulterior motive. Your landlord makes money off of you, and is not renting out as a form of charity; plus, they're already rich, owning (most likely) their own accommodation and the apartment they rent out to you.
I'd also point out that areas that encourage more construction have been growing and becoming attractive places to live. Emeryville for example has been building aggressively and its becoming a nice place to live (minus the highway nearby). Some parts are surprisingly walkable and it even has free public transit (the emery-go-round). Compare this to SF which has blocked housing (especially apartment buildings); its becoming increasingly unaffordable and suburban feeling compared to east bay. Density also leads to more diversity.
I think that's the core issue with most of our political dialog. "Regulations are bad." The person saying it is thinking A, B, and C and is probably right. The person hearing it is thinking D, E, and F and is also probably right. They aren't even talking about the same thing. It's no wonder they can't come to common ground.
"Socialism is bad," and "Don't touch my social security," can be uttered by the same individual because when he thinks about socialism he thinks Castro nationalizing all US industry in Cuba, not Social Security Insurance, Medicare and Medicaid.
To your point, words certainly matter.
or the person may see the contradiction clearly and oppose the idea of social security benefits, while also being opposed to having it clawed back after they've spent their entire working life paying into the system.
No, they didn't acquiesce to anything. They were required to pay whether they wanted to or not.
Today (actually since 2009) that ratio is three workers per retiree. Each worker has to provide 33%. By 2050 the ratio is projected to fall to two-to-one.
You can find the historical ratios here: https://www.ssa.gov/history/ratios.html
in any case, I feel pretty confident saying that most people see social security as a deal where they pay in now to receive benefits later during retirement. they may or may not think very hard about the fact that they might be far better off if they had the option to put the money in a 401k/IRA instead, but they surely would not be happy to pay now without the expectation of getting something later.
that's all just to say that it's not a "haha gotem" moment when you find someone close to retirement who "opposes socialism" but doesn't want to see social security go away (for them).
It wasn't an attempt at a "haha gotem," sorry if it came out that way. It was more of an example of the irony of being for and against the same concept by having different understanding of the meaning than someone else.
SSI was probably a bad example, anything useful will fit. "Socialism bad," but "please fix the potholes in my road, pick up my trash, put bad guys in jail, put out that forest fire, keep the shipping lanes clear, etc. etc." All those a person could like and they are socialistic, but ask that same person what their opinion on socialism, he thinks Castro nationalizing US industry in Cuba, not all the service he finds infinitely useful day to day.
I guess that's the complicated way of saying we should talk about political ideas in a much more narrow sense, like "lets lower the medicare age to 55; we're already paying for the most expensive demographic," rather than "Socialism good."
Careful about the phrase "building quality" there. If by quality you mean safety, then yes, absolutely. But there are quite a few regulations that describe themselves about "quality" that do things like: prescribe a minimum number of parking spaces, or a minimum size for a kitchen, or number of bathrooms, etc. And all of those absolutely need to be eliminated.
Rent control doesn't "create" any housing. It simply puts a cap on the price of housing. I'm a part-time Real Estate investor, and I would never invest in a city that had a rental cap, since the point of investments is to make money, not start a charity. Public housing has the same problem. You end up putting a bunch of poor people in one building, who statistically end up being associated with crime and drug use. This drives down real estate values in the adjoining neighborhood and makes real-estate less attractive to investors and you wind up creating a slum.
Want to promote more affordable housing? Keep the government far away. The market has its fair share of issues and inefficiencies, but it's still more efficient than affordable housing programs dreamed up by government bureaucrats.
There isn‘t a realistic path to a solid, pro-public housing bloc of 60 senators.
This is not necessarily the case. Social housing in Vienna has both low-income residents who are subsidized and higher-income residents who are not. We haven’t done it as well as they do historically here in the US, but we could!
Good. It is real estate "investors" like you that have contributed to the Bay Area, and California in general, pricing people out and becoming a rent-only housing economy where only the rich of the rich can even dream of buying a fairly modest house. Housing should not make you investment-style returns like the stock market. You're profiting by rent-seeking, arbitrary zoning requirements, and NIMBYism driving up the price of housing constantly just so you can make a nice "investment." Housing and shelter are for people to live, not to extract money for real estate investors.
> You end up putting a bunch of poor people in one building
Have you considered that poor people also need a place to live and maybe that doesn't involve you leaching every percent of profit you can?
> Want to promote more affordable housing? Keep the government far away
Section 8 housing in LA - as house prices have surged to multi-million two-bedroom homes since COVID - can lower prices at least as low as $400/mo after the voucher. You are simply and transparently lying for your own benefit and it is shameful.
The laws just needs to disincentivize staying there when you’re not eligible. You obey traffic laws because it’s costly to ignore them. There can also be some buffer to income so you don’t have drastic changes just because you earn an extra 5 to 10K or something per year (depending on family size).
Or higher tier housing is overbuilt and drives down costs of all tiers.
That’s definitely not what happens. Highest tier is saturated, developers say that “the market only wants highest tier housing”, and so more of the same gets built.
> Or higher tier housing is overbuilt and drives down costs of all tiers.
The opposite is what’s happening - the highest tier gets more and more expensive, and the lowest tier goes up too.
If it's actually saturated, them prices will begin to drop.
> The opposite is what’s happening - the highest tier gets more and more expensive, and the lowest tier goes up too.
Because it's not actually overbuilt - they're still just trying to catch up. Most metro areas are still in a state of housing shortage.
> I'm a part-time Real Estate investor, and I would never invest in a city that had a rental cap, since the point of investments is to make money, not start a charity.
This mindset is where these issues come from in the first place. Housing as become more and more an investment, and groups of people (immigrants, disabled folks, poor people) are not as good of investments, so they're avoided by private investors.
At the same time, private investors and builders are pushing back on tools that make the lives of these less profitably people easier (rent control, public housing).
From what you're saying, if I want to promote more affordable housing, I keep you away from it. Where's a profit in cheap housing/low rents?
Every city I've seen try this ran into substantial cost over runs and ended up with 12 1 br condos to rent to poor people at the cost of 6 million dollars.
Why shouldn't it be about profit, we use a profit motive for the manufacturing of everything else in our economy, why is housing the exception?
You've never seen it work because you're presumably American, and as the title points out, America can't build anything anymore. If you care about you're country's wellbeing, that needs to be fixed, and building affordable housing efficiently and more hands on without piles of unaccountable subcontractors is a great way to get started.
But also Singapore's construction per sq ft isn't insanely cheaper than the US. You're looking at $120 per sq ft and you would expect Singapore to be much cheaper because they have $2-3/hr labourers, less labor laws, and far less environmental restrictions.
And the HDBs don't really house the poor but the middle class. The poor live in cramped dormitories for foreign immigrants.
Labourers in Singapore do not make 2-3$/h anymore. Nowadays it's closer to 10$/h for the bare minimum. Yet prices are still at 120$/sqft or thereabouts.
The HDB in Singapore owns a controlling stake in many contractors, but yes the general construction is often handled by contractors. That's still different from the US methodology that subcontracts everything from design to maintenance, and it maintains the structural advantages of the government building housing I put forth above.
This only happens when supply is artificially constrained. The private markets want to serve as many people as they can - that's how you maximize profit. But when you can only sell 100 units and there is demand for 1000, obviously you want to sell to the richest 100 buyers.
The solution to the problem is to increase supply. Rent control, zoning, et al reduce supply.
1. The size of the housing problem grossly outsizes the budget of the public sector. Its not even close - this problem can only be addressed through private capital. 2. Private capital will only build things that are profitable with a comfortable margin considering unexpected costs and other, possibly more efficient allocations of the same capital. 3. Every regulation/requirement you throw at housing developers increases the minimum cost of new housing. As it currently stands, its mostly a physical impossibility to build middle class housing in SF profitably given existing requirements (which effectively add a couple hundred thousand to each unit). This means that no middle class housing will be built.
If you want more affordable housing, you fundamentally need to change the incentive to build affordable housing. You can't do this and chase off developers at the same time.
Personally (as just a homeowner) I feel like the crux of our problem is constraints, and while the YIMBYs are working that problem, they're also contributing new constraints like rent control, inclusionary zoning, anti-displacement measures, etc that negatively offset the gains made elsewhere.
1) They tend to build houses not communities, for example it’s rare a developer will include parks, community spaces like markets, bike lanes, plant trees, or do anything else to make the housing tracts livable
2) They don’t tend to expand infrastructure to match, so you get developers getting approved to put 10000 houses on a 1 lane each direction road, or housing going in without adequate medical service or other necessities, which puts strain on the existing community resources
3) they are constantly lobbying local government to let them build in forests, wetlands and other natural habitat, so if you care about that at all you generally have a bad view of developers
Combine all this with generally extremely poor build quality results in people viewing developers as adversaries for the most part.
Public housing is its own problem. It creates de facto ghettos, which is a major reason why locals oppose construction of public housing. It turns out that landlords' financial incentive to screen prospective tenants generally does a good job of weeding out trashy people who destroy the unit and surrounding area.
But - in areas where there is already very high density, you need transportation that lets people live cheaper but still get to work. You don't need to worry about housing a bank VP in New York; but housing for the people working at the bodegas is needed.
Rent control and other "limited" things basically make company housing with a middle-man added.
> housing for the people working at the bodegas is needed
Building more housing solves this problem. NYC is not even close to "very high density". I suggest you visit China - even the US's densest cities still have a 10x factor to go before they reach practical limits on density. We need more high rises and less height restrictions.
> Rent control and other "limited" things basically make company housing with a middle-man added.
No, rent control creates a black market for housing and destroys the quality of housing stock available on the market. If you live in the Bay or NYC and rent this is very obvious. It's very common to slip some extra $ or have a shittily maintained unit if it's rent controlled. I have rented units with mouse infestations, splinters in floorboards, and black mold growing out of pipes in the floor, none of which were fixed.
[1] https://www.minnpost.com/cityscape/2022/03/in-first-months-s...
High density is a terrible way to live. I thought we learned from the pandemic that high density living is unsanitary and promotes the proliferation of disease, and that a 600 square foot box is a really depressing place to be when you're stuck inside working from home.
The solution that the current generation loves to hate is to go back to a more suburban lifestyle. But it's possible to do suburbia without making it completely car-dependent. Look at planned cities like Portland, OR, where they have a lot of mixed use development paired with good public transportation and bicycle infrastructure well into the more suburban parts of the city. In a country like the United States where we have vast expanses of land, it makes a lot more sense to spread out than develop vertically.
But more importantly, all towns and most cities were at "suburban" densities years ago (check the "old towns" of most towns, etc) - the key was "travel to services" was limited by walking or sometimes subways, etc.
If instead of one Walmart every 30 miles you have smaller stores every 2-5 miles, suddenly density isn't as mandatory for livable cities.
Mixed usage and transit backbones are the key - you could design "pods" that are about two miles in diameter centered on train stations that would be entirely walkable/bikable - then you can even have the massive city centers.
People having cars isn't a problem if they don't use them for commuting, and some small changes in city design can lead to that.
As for cultural reasons behind preferring apartments, everyone has various reasons. I doubt you'll find consensus among those that dislike SFH development over what it is they dislike, but they're unified as a bloc in their desire for density.
And be ready to kick trashy people of course.
IMO public housing is the best tool, but it seems that in many places they just want to set up some buildings and forget about it, and that way it will never work.
It seems like for many people it's just a naive idea of getting problematic people out of the streets, but that shouldn't be the main idea. The main idea is to get the most modal income people out of the offer/demand cut, so they can save more money and use their increased disposable income locally.
If you build enough and make private developments easy enough everyone benefits.
In fact, Vienna is starting to have problems because their conservative government (I think they have a coalition now) doesn't want to spend money on the program and private developments have a set of restrictions that allow price gauging.
Not going to happen in US cities. Literally every person actually living in a city knows this, which is why many people protest having public housing built anywhere near them.
Many Americans claim to like European welfare state, but they they don’t seem to be aware as to what it takes to get there. One most obvious thing would be to tremendously raise taxes on middle class (who bear the brunt of the tax burden, unlike in US, where tax is mostly paid by the wealthy), but another thing is more ruthlessness in enforcing social norms. Nowhere in Europe you can just sit on the sidewalk and shoot up heroin: you’ll be arrested, put in rehab, and if you persist, jailed. Psychotic mentally ill who scream obscenities at passer-byes are involuntarily committed. Tent campers are arrested and forced into shelters. None of this is happening in many UD cities, which claim that their policies of looking the other way, or subsidizing the underclass lifestyle, is “harm reduction”, and continue to repeat that as number of people living this lifestyle is not reduced, to the contrary it keeps growing.
> One most obvious thing would be to tremendously raise taxes on middle class (who bear the brunt of the tax burden, unlike in US, where tax is mostly paid by the wealthy)
interesting, because thats the opposite of what i thought...any good charts/data for that?
You know what your problems are and you don't even have to come up with anything new or revolutionary, as solutions are already invented and tested.
The US can build public housing and can manage it properly. The money is there, and it has already been done (built, not managed properly). Mix public housing with transit oriented development, mix-use zones, more lax private development and you'll get nice neighborhoods for modal income people which is what's really important.
As for cars, you can build multi-story car parks with commercial and/or residential development on top too. Not cheap but necessary given your constraints.
The US has IMO very strong civil society organizations. Take advantage of that and go advocate for this.
Since the 1960s however, we've slashed our potential to add capacity (1), and prices have soared in markets like Los Angeles that were historically more affordable to wage earners.
The latest in the movement for new public housing in California is actually supported by YIMBY organizations [2]. AB 2053, The Social Housing Act is making its way through the state legislature right now. While just about every YIMBY organization supports it, it's opposed by NIMBY orgs like Livable California, the League of California Cities, and even the California Association of Realtors. Meanwhile, the orgs which have long talked about supporting social housing are taking either no position or support-if-amended stances on the bill because they don't like that the way it generates subsidy for below market housing is by building market-rate housing to cross-subsidize it. They strongly believe that any new market-rate housing causes displacement but don't want to be on the wrong side of history when this bill succeeds.
[1] https://www.tiktok.com/@planetmoney/video/709917153557088183... [2] https://www.californiasocialhousing.org/
https://www.minnpost.com/cityscape/2022/03/in-first-months-s...
This article has a bunch of cringeworthy prose, but has some worthwhile graphs of data showing that price-fixing isn't the answer:
https://www.bloomberg.com/opinion/articles/2021-03-02/berlin...
See also numerous Planet Money stories about rent control:
https://www.npr.org/sections/money/2019/03/05/700432258/the-...
https://www.npr.org/2022/01/31/1077086398/is-it-time-to-cont...
https://www.npr.org/2019/03/29/707908952/the-evidence-agains...
Note that even very-progressive Jerusalem Demsas was once against rent control and has only switched sides as a palliative measure because fixing the root cause of the problem is proving too difficult.
Freakonomics also did a show on the topic:
https://freakonomics.com/podcast/why-rent-control-doesnt-wor...
https://www.lewis.ucla.edu/programs/housing/housing-supply/z...
edit: So I actually consider rent control to be a result of low housing production rather than the other way around. Associate Professor Shane Phillips from the Lewis Center (linked above) also considers rent control to be a very reasonable policy as long as there's plenty of realistic zoned capacity for more housing. Everyone is always arguing that if we build more then that would keep rents from rising so why not have rent control anyway then?
But yes, I think you're right that rent control is typically a political result of insufficient housing production. But it's a bad policy. Price fixing is never the answer to a supply problem, even if it's a popular one.
Literally the worst way to make housing more equitable. All rent control does is give long term residents a handout at the expense of everyone else while increasing commute times due to being unable to move and lowering the quality of the housing stock.
I have a townhome and in our complex one had to be sold as a low-income unit. The person who got it was well connected to the developer, "My Aunt has known him for 30+ years".
You should try to drop in to one of our meetings. It is a very big tent here. You have people not only involved on making it easier to build more housing, but also ensuring that we build affordable housing and that we keep tenant protections.
I am of the idea that 90% of the problem could be solved by streamlining housing of all types (e.g. remove zoning, making permitting a 30 day process, by-right building, etc.) and the last 10% can be covered via government intervention (e.g. public housing, housing vouchers, rent control, etc.).
But you can find folks within YIMBY Action that think the mix is 50% / 50% or 20% / 80%. And you will see that our endorsements and activism reflects that! We are as often promoting removing barriers for building housing as we are ensuring that we protect those that need it the most.
We all agree, however, that you _need_ to build housing, that the problem is a problem of supply, and that the culprit is Byzantine regulation and NIMBYism.
Come join us!
Think about how much money a developer makes on building something, versus how much more money homeowners make by blocking housing, and you'll be astounded. A developer makes 5%-20% returns for a one-time project, that houses people. This is modest versus annual, compounded investment returns 5%-10% for homeowners/landlords, and those unearned profits also continually take homes out of reach of more and more people. So you can see why landlords and homeowners are so anti-developer, because it puts their gravy train at risk.
That sounds like it's "pro-developer" propaganda, but it's actually just anti-NIMBY propaganda. And perhaps they are the same.
One is that many (most?) advocates for this are actually being dishonest. It's a cudgel that can be used to stop just about any development project, because nothing is ever affordable enough. Any proposal that involves a mix of market-rate and subsidized housing should have more subsidized housing. Any proposal that's 100% affordable housing should be bigger and better. (I kid you not, I've seen people say that apartments that are being provided to the homeless for free should have granite countertops or GTFO). Non-market rents are too high, unless they're in existing apartments, in which they can never ever be raised. And so on. The result is that people who're only casually involved in city politics basically sign up for a total ban on construction, because "affordable housing" sounds reasonable.
The other is that economically, it's basically price controls, and that never has good results. The fact is, the housing crisis is a simple lack of housing. We need a lot more housing in most cities. The population has grown and industrialization/post-industrialization has shifted economic opportunity away from small towns and cities toward the largest cities. Housing is expensive because demand has gone up, but we've artificially restricted supply by not allowing construction. The affordable housing "solution" is to keep restricting housing supply, but shield a select group from the consequences of that. Who qualifies is subject to debate, but it's always a small number of people, and everybody else is SOL. So either you bought a long time ago, you're rich enough to buy now, or you're part of the protected class. Everyone else is SOL, and that includes a lot of people that spend a good chunk of their lives commuting because they can't afford to live where they work. Heck, it also includes a lot people in the protected class that would like to move but can't afford to lose their subsidy.
This is a common problem in American policy. You're going to have the thing and it's going to be nice, or you're going to be priced out of having it at all.
See minimum floor space regulations, (non-fire related) residential occupancy limits, regulations requiring certain coverage in medical insurance plans, etc. There is a reason that short term insurance plans (STLDIs) that are not subject to as many regulations are much cheaper.
But that said, more market rate housing is good too! Provided it’s not replacing subsidized units, anyway. We need housing to not be scarce in general; it’s not an either/or thing.
Everybody wants to change the world but nobody wants to change themselves.
What I mean by being concerned with deregulation that could hurt residents I mean things like gentrification, legislative reduction in rent-controls / tenants rights, relaxing safety laws / codes around what is considered a livable space. If that's NIMBYism then I am all sorts of confused :P
I'm in the SF Bay Area. Very few people under 35-40 can afford a home even if they're well-paid tech workers, and the age of affordability seems to creep up almost in real-time. It's a huge problem and we need millions of homes built to fix it. Small patches like subsidies for the very poor work fine if you only need to deploy them on a small minority of cases but fall apart miserably when a 90th-percentile earner still needs your help. Overturning Euclid v. Ambler, a constitutional amendment to create some basic right to build housing on your own land, or something similarly drastic is needed to turn this tide.
I'm one of the luckiest ones. A combination of good professional fortune and generational wealth have led me to own a home in a highly exclusive community. And now I'm hoping to open that community up to more people. Maybe my less-fortunate tech-worker friends will be able to stay nearby rather than be forced to move elsewhere.
So supply will allow much more than just the few people on the edge of ability to buy - it will also help everyone else at lower price points.
Like this you drop the prices in the "normal people" segment without rent control
With WFH especially now you can work in various parts of the city or move all over the world and at most be tied down to a place for about a year.
Homeowners also never talk about things like paying tens of thousands of dollars when a pipe burst or the roof needs repairing.
Foreign buyers just don't make up enough of the market, and neither do people with 5+ residences.
Let supply outstrip demand and suddenly they're not a good investment anymore, so people go back to owning them for living in.
Not that this is a good use of a perfectly fine basic housing unit, but it isn't an investment.
Seriously, a "winter escape"? Literally noone needs that. Literally noone should have that until everybody's basic needs are met.
Which won't happen with all these "storage unit" houses there are.
The second home is already slightly tax disadvantaged compared to the primary residence, perhaps it should be "punished" more.
If that third house had some form of tax penalty associated with it being unused/empty they might bother to sell it.
But the housing crisis isn't perpetuated by empty homes in general; empty homes exist because there's an investment aspect of it. If the grandma house was losing at IRS depreciation rates, it'd likely be sold (though a storage unit might cost a similar amount).
A side of it? I would guess more than half of it is astroturfing developer groups, aka paid liars. It is such a disservice because it is a real problem that they are selfishly exploiting. They aren't interested in sustainable development, just cashing in and leaving a problem behind for the local taxpayers to clean up decades later. They exploit otherwise well meaning idealists - like the ones that are so common here - with amazing skill.
See my friends startup InCitu.us for a great example of the opportunity for win/wins in the space: https://www.incitu.us/