3 ms·
They have a different argument, namely by making sure houses are less dense, the total number of houses being built in an area is far less than what the land ca
by kccqzy 4y ago
They have a different argument, namely by making sure houses are less dense, the total number of houses being built in an area is far less than what the land can support, leading to artificial scarcity in the market. The artificially limited supply then leads to high prices.
- hervature 4y agoRestricting supply obviously increases prices. That's economics 101. Their claim is that they are doing it precisely for economic gains. Whereas I'm saying that it is actually not about the economic gains because they are giving up economic value (much higher land value) in order to preserve non-economic things (neighborhood, view, etc.). My point is that an acre of land in the center of Manhattan is worth a lot of money. That value goes drastically down if something prevents you from building above 35 feet.