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This short ebook explains it extremely well: http://www.amazon.com/The-Rent-Damn-High-ebook/dp/B0078XGJXO/ http://www.amazon.com/The-Rent-Damn-High-ebook/dp/B00
by pchristensen 15y ago
This short ebook explains it extremely well: http://www.amazon.com/The-Rent-Damn-High-ebook/dp/B0078XGJXO/ http://www.amazon.com/The-Rent-Damn-High-ebook/dp/B0078XGJXO...
Basically, prices are so high because that is where building supply is constrained.
This book http://www.amazon.com/Gated-City-Kindle-Single-ebook/dp/B005KGATLO http://www.amazon.com/Gated-City-Kindle-Single-ebook/dp/B005... explains the nationwide economic consequences of constraining housing supply (and thus rising prices) in the most economically productive areas.