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> But, without regulation, we'd also see at least 10x increase in new construction This is theory. Reality would be very different.
by muzz 12y ago
> But, without regulation, we'd also see at least 10x increase in new construction
This is theory. Reality would be very different.
- spikels 12y agoWhat like 9x increase? Clearly more housing would be built if were simply allowed. Developers are building to the maximum units/sqft permitted on every project.
- muzz 12y agoI would suspect more like 1.1-1.2x. Essentially, for most homeowners their home is their biggest investment and they should be expected to act in their economic self-interest to preserve and increase the value of that investment, and thus we can expect them to do what they can to prevent more homes from being built.