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Germany. Appartment prices are very stable - risen only 0.05% per year, 1970-2003. And it starts with politics,law I think: there are strong rights in the Germ
by petra 9y ago
Germany. Appartment prices are very stable - risen only 0.05% per year, 1970-2003.
And it starts with politics,law I think: there are strong rights in the German constitution for people who want to build on their land - which can override zoning.
And the salary of leading local officials is tied to their city's revenue ,and the only way to increase that, is to increase the number of local citizens.
And that creates competition between localities.
- monocasa 9y agoI also like Japan's zoning scheme which is based on maximum allowable nuisance. With the exception of some extremely heavy industrial zones, there really aren't places where you can't build housing due to zoning laws. http://urbankchoze.blogspot.com/2014/04/japanese-zoning.html?m=1 http://urbankchoze.blogspot.com/2014/04/japanese-zoning.html...
- rcpt 9y agoSuch a great write up. Could that ever happen here with our hypermicrolocal zoning boards everywhere? Short of Donald Trump vengefully smiting NIMBYs because they blocked his condos in the past I don't see how it's possible.
- SlowBro 9y ago> And that creates competition between localities. That's intriguing. Sets up locations as a sort of free market, if I am not mistaken. Prices are controlled by where people want to be instead of artificially enforced.