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> I think developers will hate this idea because instead of the whole surplus going to them and their corrupt buddies in government, it will have to be shared w
by schoen 9y ago
> I think developers will hate this idea because instead of the whole surplus going to them and their corrupt buddies in government, it will have to be shared with the local community.
I would think if there were a lot of developers and a lot of parcels, an alternative is that there would be more supply-side competition for housing and then better-quality housing would be more affordable overall. Do you see factors preventing this outcome from being likely?
- danieltillett 9y agoYes once you unblocked the planning process then you would get a lot of building since you would open up a lot of land that right now can’t be developed due to local opposition. It would also lower the barriers to entry for new developers as more would start to look outside their immediate area where they have their corrupt local government connections. The end result is everyone should win - communities get the development that want, landowners get a higher price, and the honest developers can compete with the corrupt. The only losers are the corrupt.