3 ms·
Is this really the case? I would have assumed that planning/zoning/permits/slow bureaucracy is more to blame than the actual building phase.
by V__ 5y ago
Is this really the case? I would have assumed that planning/zoning/permits/slow bureaucracy is more to blame than the actual building phase.
- Consultant32452 5y agoI remember the housing boom around 2005-ish in my area. They were throwing houses together at an amazing pace. Private building contracts with a friendly regulatory environment. My state is ranked among the highest in fraud related to public works projects like building roads. Basically the game is: Start a company, bid so low you know you won't succeed, take your cut, start a build, declare bankruptcy, rinse/repeat. Easy money, no consequences. I'm pretty sure the government/bureaucracy is in on the take because they do nothing about it. The mayor of my city was on the board of the company that manages the toll system.