3 ms·
> If you're the property owner it should be easy for you to build whatever level of residential density you want and think the market will make profitable. Why
by josephcsible 4y ago
> If you're the property owner it should be easy for you to build whatever level of residential density you want and think the market will make profitable. Why is it illegal for me to build townhouses on my land?
Isn't the entire concept of externalities in economics that things aren't that simple? Presumably you agree that your neighbor shouldn't be able to build a sewage treatment plant next to your house.
- imtringued 4y agoFrom what I can tell most economists will actively go out of their way to ignore externalities. For some externalities there are even market based methods for getting rid of them yet curiously almost no economist is interested in these types of institutions.
- zbrozek 4y agoSewage treatment plants are not residential construction.