3 ms·
I think you are missing the point about housing. Quite the opposite if I understand what you are suggesting. The main problem is that somebody who doesn't own y
by perceptronas 7y ago
I think you are missing the point about housing. Quite the opposite if I understand what you are suggesting. The main problem is that somebody who doesn't own your land can say what you can build or cannot. That's why developers cannot build housing. From that perspective, best incentive would be to leave the housing development for markets instead of politicians. Now politicians with town's majority favor can decide who benefits making it non-fair for the minority of voters.
About Tokyo housing development deregulation and its impacts [0]
[0] - https://www.wsj.com/articles/what-housing-crisis-in-japan-home-prices-stay-flat-11554210002 https://www.wsj.com/articles/what-housing-crisis-in-japan-ho...
- creddit 7y agoI don't think you understood what I was suggesting since I agree with what you're saying. The land owners (majority not developers) have made it such that building is impossible which greatly increases the value of their property by lowering supply from a natural state.