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Intuitively this seems very true to me, but can you recommend somewhere to read more about this? The residential real estate market definitely feels rigged, but
by avn2109 11y ago
Intuitively this seems very true to me, but can you recommend somewhere to read more about this? The residential real estate market definitely feels rigged, but I don't know where to find the case for this claim layed out in a cogent way. The linked tweet (being a tweet) is not particularly detailed, nor is the 2-links deep Vox article.
- tostitos1979 11y agoYou can consider the greater Toronto area as a case in point. We had greenbelt laws enacted for supposedly environmental reasons. We got shitty, tiny condos all over the city and million dollar detached houses. What I thought was particularly perverse was builders lamenting that no one wanted 3 bedroom condos, which is why they were building so few. Complete B.S.! Since they charge per square foot, no one can afford the 3 bedroom condos! I recall reading somewhere how this will eventually affect the fertility rate. As a couple that waited quite a bit longer to have kids, I can see this being accurate.