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>That's what the law says. Which law says there is a landlord cartel and building apartments is illegal? We both know there is no such law. >You own a piece o
by pandaman 3y ago
>That's what the law says.
Which law says there is a landlord cartel and building apartments is illegal? We both know there is no such law.
>You own a piece of property, you want to get into the market by building more housing on it than currently exists, you can't.
Is this also in some law? Which one, please be specific. How come people get in and out leasing market all the time? An apartment building near where I live changed ownership recently, I would appreciate the exact law you are referring to, this could be a crime in progress.
- AnthonyMouse 3y ago> Which law says there is a landlord cartel and building apartments is illegal? We both know there is no such law. We both know that it's zoning laws that prohibit land that currently contains a single family home from containing any structure with a larger number of housing units. > How come people get in and out leasing market all the time? An apartment building near where I live changed ownership recently, I would appreciate the exact law you are referring to, this could be a crime in progress. Buying or selling existing units doesn't increase supply.
- pandaman 3y ago>We both know that it's zoning laws that prohibit land that currently contains a single family home from containing any structure with a larger number of housing units. Yes, but what about cartels and other stuff? Zoning does not mean there is a cartel nor does it mean you cannot build apartments. > Buying or selling existing units doesn't increase supply. Sure, but you said it's illegal to get into the market so I was curious what law you had in mind, as an upright citizen I wanted to report a crime, as I understand you don't know what law you had been referencing when making the previous statement?
- AnthonyMouse 3y ago> Yes, but what about cartels and other stuff? Zoning does not mean there is a cartel nor does it mean you cannot build apartments. Laws can be the mechanism a cartel uses for enforcement. This is called regulatory capture. The incumbents capture the regulators and have them pass laws to restrict supply and create barriers to entry. The zoning laws restrict supply and create barriers to entry. > Sure, but you said it's illegal to get into the market so I was curious what law you had in mind, as an upright citizen I wanted to report a crime, as I understand you don't know what law you had been referencing when making the previous statement? Suppose that Samsung, Micron and SK Hynix have formed a price fixing cartel. If Hynix was bought out by, say, Oracle, who then does nothing to increase production, how would this imply that there isn't a cartel? Buying out an existing member of the cartel doesn't increase supply or lower prices.
- pandaman 3y agoYou keep repeating "laws do that" but never mentioned any particular law, is not this a time for you to stop and think a little bit, how is this possible that such intrusive laws remain hidden even from you?
- AnthonyMouse 3y agoIt's these laws right here: https://zola.planning.nyc.gov https://zola.planning.nyc.gov The ones that say only a tiny sliver of the city is zoned R8 through R10 (allowing for the tallest buildings), and those places already have them.