Otherwise property owners will rally together to declare even an ugly launderette as historic, just to inhibit supply in their area:
https://missionlocal.org/2018/06/the-strange-and-terrible-sa...
A bit of rent control wouldnt hurt either - it helps keep a lid on property values and hence keeps NIMBYism down. The average economist's salary is, of course, dependent upon them not understanding this.
Absolutely. One can only dream of a future where LVT covers almost all of a nation's tax needs...
> A bit of rent control wouldnt hurt either
> The average economist's salary is, of course, dependent upon them not understanding this
Huh? If there's one thing that is in almost universal agreement among economists of all political bents, it's that price controls, including rent control, result in worse outcomes for those that they are ostensibly designed to help.
They're one of the few types of scientists who are essentially paid to be wrong by people who benefit from the policy decisions that result as a side effect of them being wrong.
The strictest rent controls in NYC in the last 80 years were in the 1950s. The fastest rate of home building in NYC was also in the 1950s. It didn't hurt then, it won't hurt now.
Depends what barriers
Increasing desnisty? Sure, remove them
Increasing area? Nope
Not that I have anything against high rises, but they aren’t suitable for every person or geography.
Sure, if we put on blinders so we only look at economic effects.
Socially I estimate the value of me not living too close to anyone else at somewhere between $500,000 - $2,000,000 USD.
I wonder though if it is more fragile than the alternative. Are social and economic systems more robust when they're distributed across smaller urban and rural areas?
Are megalopolis settings susceptible to long tail risks that smaller urbs don't face?
You don’t need anything exotic like a terrorist attack or a war, you can simply have a power outage and the whole system would collapse if it wasn’t rectified in a couple hours. I like cities but I’m not willingly putting myself into a mouse trap.
This is the perfect example of min/maxing society while completely missing the point. We’re not insects, we’re humans. Most people are happier when they have space, space for a family, space for pets, somewhere to grow a garden, a sense of ownership.
Sometimes, efficiency be damned, maybe we should prioritize happiness and well being over trying to stuff the most amount of humans in the smallest space.
There are plenty of people who are actually happier in cities, believe it or not. We're social animals, after all.
So then the question is whether we should just remove barriers that stop urban spread