Viewing a single comment thread. View all comments

tails99 t1_j1r3728 wrote

Reply to comment by kaizerdouken in [OC] State by State Housing Price Growth since 1975 by fred_fotch

I have a degree in economics. Nearly all economists agree that price controls are bad. Rent control is one of those bad things. Exclusionary zoning is the same terrible rent control, except for rich people. I still don't know why it is legal. How can more housing be bad?

1

Ambitious-Event-5911 t1_j1s1krz wrote

Homes should not be a product. There shouldn't be a market for them.

1

tails99 t1_j1smsrf wrote

There is market for everything because otherwise no one would know how much to make or at what price to sell. Increasing house prices mean that more needs to be built to then lower prices. If more housing is illegal, then enough housing won't be built, existing houses will go up in prices, and those who can't afford them will live in cars or on the street.

0

kaizerdouken t1_j1t9qxm wrote

Okay. Maybe I don’t understand what you’re saying. Excuse my ignorance. Let’s say I buy a multi family building. I raise its value and intend to sell it after 2 years. Are you saying this property should not raise its price? Rendering me a loss or no gain by the time I want to sell and make a good gain on it?

1

tails99 t1_j1tce1n wrote

I'm not sure how your comment is relevant. In your example, there has been no creation of any more units of housing. I'm referring to it being ILLEGAL to build MORE housing that is DENSE.

​

"I raise its value" :: How do you raise its value?

1

kaizerdouken t1_j1te873 wrote

You’re the one with the degree in economics. I can’t answer for you.

1

tails99 t1_j1xoqr4 wrote

I can't answer your question because it doesn't make any sense. It has nothing to do with me. LOL.

1