Re:Homes in 97% of U.S. cities are overvalued, Moody's says
by thereisnospork on Friday May 06, 2022 @02:15AM
(#31281863)
Fair is the key word. The present government enforced scarcity is neither a free nor a fair market. A free market lets participants take the economically optimal choice[0]. A fair market cannot require kowtowing to the arbitrary and capricious whims of a planning board.
Ergo I hold that the respective governments and their zoning/construction policies are trampling on the individual right to a fair market and worse are creating grotesque amount of economic inefficiency, and by extension social damage, in the process.
[0]Trivially: adding units to a lot to capitalize on a high price of land relative to materials + labor.
Re:Homes in 97% of U.S. cities are overvalued, Moody's says
by nemo44x on Friday May 06, 2022 @06:07AM
(#31283402)
Who is going to build these structures? Tradesmen today are already overbooked. And they’re going to work on projects that pay the best. That’s probably not affordable housing projects at scale.
The point is between land, materials, and labor, a lot of people can’t afford what they think they deserve.
Re:Homes in 97% of U.S. cities are overvalued, Moody's says
by Dylan16807 on Friday May 06, 2022 @12:32AM
(#31281352)
Both the price of land and the amount of land you need per unit of housing have some serious fairness problems right now.
I'm assuming "have one commissioned" is suggesting something about supply/zoning, but it's not clear to me what, exactly - if someone could afford to build or buy a house 3 miles from Dallas, should they also have the right to pay the same price to build something in the middle of Dallas?