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Ability of third parties (politicians, bureocracy, NIMBY groups) to block or retard production of new assets. From what i heard from developers, getting permiss
by zajio1am 5y ago
Ability of third parties (politicians, bureocracy, NIMBY groups) to block or retard production of new assets. From what i heard from developers, getting permissions for a new appartment complex takes many years, several times longer than actually building the complex.
- ClumsyPilot 5y agoInability of third party to capture value they create - an apartment complex in the middle of the forest is worthless. It needs utilities, shopping centre, major metro line, highway, arts, jobs, good schools, and general 'nice area' vibes created by artists on the verge of bankruptcy. None of those things area created by the construction company. In fact randomly building houses leads to congestion, lack of places in schools and other facilities, and miserable living conditions.