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Increasing supply runs into the same headwinds with increased rates. Probably worse because builders pay even higher rates for short term money.
by treis 4y ago
Increasing supply runs into the same headwinds with increased rates. Probably worse because builders pay even higher rates for short term money.
- jahewson 4y agoYes!
- lotsofpulp 4y agoMaybe in the short term, but eventually, their vendors will need to lower prices. Specifically, the landowners. This would be expedited if we had a land value tax that made it more expensive for land owners to just sit on unproductive land. Of course, due to prop 13, California has the exact opposite situation where landowners are rewarded for sitting on unproductive land.