3 ms·
If it went up all across the western world and zoning is different all over then zoning is probably not the main culprit. Real estate's suitability as a store
by pydry 3y ago
If it went up all across the western world and zoning is different all over then zoning is probably not the main culprit.
Real estate's suitability as a store of value (the more land hoarded, the more it goes up in value) coupled with rising wealth inequality is a more likely cause than a global problem with local zoning codes.
- lwansbrough 3y agoIf your housing prices went up you have a supply shortage. If your city is near a larger city your demand may be auxiliary in which case it’s potentially related to the bigger city’s supply shortage, which in the US is predominantly caused by zoning and code.
- pydry 3y agoSkyrocketing house prices are an international issue. It's still wealth inequality.