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The constricted supply is very much related to the treatment of primary residences as an investment. Quintupling the supply would definitely cause prices to fal
by beefalo 7y ago
The constricted supply is very much related to the treatment of primary residences as an investment. Quintupling the supply would definitely cause prices to fall, but any homeowner in their right mind opposes that development because they might lose $500k+ of property value.
- 3fe9a03ccd14ca5 7y agoIf this were true, then it would be true for every city everywhere. Which we know it’s not. For example, look at cities with much friendlier building regulations such as Dallas.