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The reason why it's more profitable to do ultra-luxury is that regulations increase fixed costs, which make it less profitable to do projects that would have ha
by 1980phipsi 2y ago
The reason why it's more profitable to do ultra-luxury is that regulations increase fixed costs, which make it less profitable to do projects that would have had lower expected returns, like affordable apartments.
- esafak 2y agoThis is an interesting argument. Can we quantify the harm done by regulation? Which regulations should be repealed first?