4 ms·

Wouldn't a credible commitment to rapidly building more housing itself crack down on speculators?

• ebikelaw 8y ago
  The problem is that in many places it is quite unlawful to build housing. The legal regimes exist to protect incumbent land owners. That’s an open invitation to speculators.
  • dllthomas 8y ago
    In one sense that's not a problem - in most cases the same body passing these laws could make new construction entirely lawful. But it does point at a root problem - that there's a meaningful chunk of the population that more-or-less wants things overpriced.