Comment on A Land of Monopolists: From Portable Toilets to Mixed Martial ArtsparentComments−ghufran_syed6yThe reason house prices are so high is that local voters restrict new development, which enriches old homeowners at the expense of new buyers. Different regulatory regimes give different results, e.g in Japan.https://www.wsj.com/articles/what-housing-crisis-in-japan-ho... (paywalled)
Comments
The reason house prices are so high is that local voters restrict new development, which enriches old homeowners at the expense of new buyers. Different regulatory regimes give different results, e.g in Japan.
https://www.wsj.com/articles/what-housing-crisis-in-japan-ho... (paywalled)