3 ms·
Bruh it's econ 101 and has been empirically validated across the world: ceteris paribus more housing supply = lower housing prices. Housing supply constriction
by Hammershaft 2y ago
Bruh it's econ 101 and has been empirically validated across the world: ceteris paribus more housing supply = lower housing prices.
Housing supply constrictions like housing regulation & zoning are responsible for all of the rise in measured inequality since the 70's, have prevented roughly %50 of the growth in incomes we'd have achieved if housing supply was built out, are partially responsible for the explosion of homelessness and the decline of family formation.