It's not housing construction costs which go up in real terms - it's land. As Mark Twain said, they're not printing it anymore. The Physiocrats and Henry George were correct . A land value tax unlocks it - use it or lose it.
sure but if the amount of housing per unit of land is capped by government land use restrictions, then the ratio of the housing price to the unimproved land value will keep going up -- which is exactly what we have seen
It was entertaining to watch your interview on Escaped Sapiens because it was the first time I witnessed a host confront you with their own objections (light and bird) in a non-debate discourse. You did a masterful job explaining your side: what can an opponent do when you concede that if a lot of buildings started falling down (under deregulation) that would prove you wrong.
It's not housing construction costs which go up in real terms - it's land. As Mark Twain said, they're not printing it anymore. The Physiocrats and Henry George were correct . A land value tax unlocks it - use it or lose it.
A lot of land exists on which building residential housing is illegal. The supply of untapped land is vast.
If you build high, you can subdivide the land rent between more people. Caveat that construction cost per unit goes up with height.
sure but if the amount of housing per unit of land is capped by government land use restrictions, then the ratio of the housing price to the unimproved land value will keep going up -- which is exactly what we have seen
It was entertaining to watch your interview on Escaped Sapiens because it was the first time I witnessed a host confront you with their own objections (light and bird) in a non-debate discourse. You did a masterful job explaining your side: what can an opponent do when you concede that if a lot of buildings started falling down (under deregulation) that would prove you wrong.