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Re:FICO to incorporate buy-now-pay-later loans into credit s... by thechao on Tuesday June 24, 2025 @07:48AM (#44365121)
House size, build "quality" (the details in the house), resource scarcity, and zoning policy are the drivers of cost. Cheap credit and lifetime loans allow the system to continue.
Re:FICO to incorporate buy-now-pay-later loans into credit s... by potato3732842 on Tuesday June 24, 2025 @08:34AM (#44365497)
Every time a municipality levies a requirement upon new development the price of everything that could be used the same way goes up by that amount since it's the "next best thing". I got told I need to spend $20-50k on engineered assessments and plans to clear an old farm field that was left to grown over for 30yr and is now considered "forest" by (a single unelected employee of) the municipality.

Game out the economic implications of that sort of regulatory behavior across the entire real estate and housing sectors and suddenly a lot of stuff that makes no sense makes a lot more sense.