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No, it's very clearly land use policies that artificially reduce the number of housing units in this country.
by countvonbalzac 5y ago
No, it's very clearly land use policies that artificially reduce the number of housing units in this country.
- CapmCrackaWaka 5y agoI'm not convinced by this[1]. It is true, if all municipalities suddenly let anyone build wherever they want, we would see prices fall. But that isn't the cause of the current price surge. The _cause_ is a surge in demand, not a restriction of supply. [1] https://fred.stlouisfed.org/series/ETOTALUSQ176N https://fred.stlouisfed.org/series/ETOTALUSQ176N