The biggest one (and the hardest to overcome) is the opposition of the current local residents to the new proposed developments.
The reason for this opposition? New construction brings no benefit to the existing residents, only cost and loss (reduces the appreciation potential of their homes, causes more traffic, loss of view, place to walk dogs, less tranquillity, etc.). Given this, why anybody in their right mind would NOT be opposed to the new construction near where they live?
This is where we also start getting into the “Localism dilemma” issues, where the wishes of the local population get overruled by the central government because “nimbyism is interfering too much with the national interests”.
No matter which way we look at it, it all comes down to the fact that under the current system, our ability to affect major improvements in any of these 3 cost of living components is more or less near its limit. That’s why a new way is needed.
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