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> 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
by 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.