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Capital will do it, no problemo The main thing that impedes is is regulatory/zoning limitations And while I'm mostly in favour of code limits (so, minimum siz
by raverbashing 4y ago
Capital will do it, no problemo
The main thing that impedes is is regulatory/zoning limitations
And while I'm mostly in favour of code limits (so, minimum size, insulation requirements, fire-proof requirements, etc) most of the impeding regulations are things like maximum height size, blocking developments based on the "character of the area" (read: NIMBYS complaining) etc
- toomuchtodo 4y agoCapital demands a return. If you build to oversupply, where is the return? Government must do this because it is likely unprofitable, but what do you do when there is no will to do it? That’s the problem I believe.
- raverbashing 4y agoThe market never knows when will it oversupply. Especially for something that takes time like housing That's one of the reasons of past housing bubbles "Oversupply" is also dependent on the actual target market. Several places lack cheaper housing but have an oversupply of more expensive ones (more bdrs, fancier areas, etc)