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Well it is meaningful. A more liberal approach to building permits should result in slower price appreciation (as more of the demand will soak into brand new re
by H8crilA 7y ago
Well it is meaningful. A more liberal approach to building permits should result in slower price appreciation (as more of the demand will soak into brand new real estate supply). And it clearly doesn't appreciate more slowly, which means the overall approach isn't more liberal. (In big cities.)
- ummonk 7y agoThat isn’t necessarily true. E.g. if the precious price 20 years ago was below the cost of building multistory housing today (especially given rising local construction labor costs), the price will go up even with unlimited building permits.