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> best way to make large homes affordable is to allow the construction industry to build freely. No. Not even close. Once developers get into this, they always
by monksy 4y ago
> best way to make large homes affordable is to allow the construction industry to build freely.
No. Not even close. Once developers get into this, they always seek to achieve the highest price as possible.
> Deregulation leads to low prices which leads to ample living space
This is only true when there is desirable livable space, affordable materials to build the housing, cheap labor, and honest people who are doing the construction.
Regulation front: I do agree that overly strict zoning causes a lot of issues. However, we have an aggressively (some call it exceptional individualism) caustic population of people.
Economics still will fly in the face of the author here: An increase in population and a push for a mass audience.. that's going to create a scaricity in places they want to live. That will increase the total overall cost (cost to government for services, infrastructure, infrastructure pressure [this is more of a case in road based transit], land space/value, etc)
- barry-cotter 4y ago> No. Not even close. Once developers get into this, they always seek to achieve the highest price as possible. If only competition was possible, to drive down developers’ market power, so their economic profits were driven down. One might do this by allowing many developers to build, and making the factors of production going into making housing plentiful. One might make building tall buildings legal, or building densely, for example.
- monksy 4y agoThey're not going to build unless they can make a lot of profit on it.