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I believe the GP's point is that regulation geared toward limiting supply circumvents natural market forces.
by EpicEng 8y ago
I believe the GP's point is that regulation geared toward limiting supply circumvents natural market forces.
- oftenwrong 8y agoMore accurately, it exploits natural market forces.
- enjo 8y agoYou can see it in the data: https://fred.stlouisfed.org/series/HOUST https://fred.stlouisfed.org/series/HOUST We're in a market in which housing prices have been soaring for a very long time, but for most of this we've been building less housing than even the 90's (and starts have actually FALLEN recently). There's something broken in the market. Material costs are part of it, but government regulation is certainly part of it as well.