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IMHO blaming the price increases in nimbyism is equally lazy. There are plenty of places in the US with no shortage of land and no harsh zoning restrictions tha
by bink 5y ago
IMHO blaming the price increases in nimbyism is equally lazy. There are plenty of places in the US with no shortage of land and no harsh zoning restrictions that are still seeing huge increases in housing prices. I think your second factor plays a much larger role. Interest rates are well below where they should be and the government will buy up just about any conforming mortgage. The cost of raw materials plays a role as well, but smaller.
- AlexandrB 5y agoEvery HN discussion about home prices attracts a vocal group of people blaming everything on NIMBYism (regardless of jurisdiction) and lecturing about supply and demand. It seems inconceivable to them that converting single-family homes to long-term rentals or AirBnB pads also reduces supply and pushes home values up.