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"This actions result in a "politically induced" scarcity which works against wealth creation" I agree. I do think though that even without this artificial scar
by woodpanel 10y ago
"This actions result in a "politically induced" scarcity which works against wealth creation"
I agree. I do think though that even without this artificial scarcity there are physical limits to efficient housing.
Hyperbole: it's impossible to house 7 billion people with a nice balcony facing NY's Central Park.
Economically it wasn't much a smart decision to shy away from suburbia.