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A comment on Homes in 97% of U.S. cities are overvalued, Moody's says. Parent comment

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.

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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.

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