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The zoning effects are US specific, why then have house prices increased in pretty most all western countries, also they can't explain the huge jump in housing
by cycomanic 4y ago
The zoning effects are US specific, why then have house prices increased in pretty most all western countries, also they can't explain the huge jump in housing prices during covid.
The whole zoning discussion ignores the fact that investing in housing became hugely popular in the last decade, largely due to monetary policy as well as faverable tax policies.
- ProfessorLayton 4y agoWhile zoning is indeed a major problem in the US, ultimately the problem worldwide is that supply isn't meeting demand. If supply was able to meet demand, then prices would be stable and housing wouldn't become an investment vehicle.