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tails99 t1_j1pcl5f wrote

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

The price controls are made by existing homeowners through restrictive zoning. There is no reason why housing should go up in price. Everything is supposed to go down in price, EXCEPT income. Anything going up in price in a free market is an economic aberration. An even simpler solution to cut housing costs is to legalize living in cars, but homeowners and landlords don't like that either, now do they? More of your "price controls"...

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kaizerdouken t1_j1pzpzn wrote

Have you ever taken a course in economy? Just curious.

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tails99 t1_j1r3728 wrote

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?

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Ambitious-Event-5911 t1_j1s1krz wrote

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

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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.

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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?

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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.

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

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kaizerdouken t1_j1te873 wrote

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

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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.

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dontich t1_j1pfasz wrote

I mean there is only a certain amount of in demand land in locations people want to live— even if you allow unlimited density the most popular land would still increase in value…. But yes the actual housing built on said land should depreciate.

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tails99 t1_j1r3jja wrote

Yes, exactly. People don't live on limited LAND, people live in HOUSING. Land is limited vertically, like a rare physical Picasso painting, but housing is unlimited vertically, just like looking at a digital Picasso is unlimited.

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