A very good book about why houses are expensive.https://www.amazon.com/Zoning-Rules-Economics-Land-Regulation/dp/155844288X …
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This article on “The Great Divergence” dives into this as well: https://www.citylab.com/life/2017/02/welcome-to-the-great-divergence/513548/ …pic.twitter.com/efhIzK8Ajp
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You might also be interested in Land.https://www.amazon.com/gp/product/1583949208 …
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@L__Macfarlane’s book next....Thanks. Twitter will use this to make your timeline better. UndoUndo
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As an Irishman you must know that tight zoning doesn’t cause high housing prices. Before 2008 Ireland, with weak planning/zoning, built 90k pa homes at peak - most unaffordable. Now we build 15k units pa with even weaker zoning that are more unaffordable. Its the land monopoly!
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Regulation in some places & boundaries concomitant with natural formations in others. Islands & peninsulas heavily featured on this list:https://www.weforum.org/agenda/2019/03/the-worlds-most-expensive-places-to-own-a-home/ …
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In two words. Supply and demand ?
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Similar treatment for Australia linked here. https://hughsheehy.wordpress.com/2016/09/18/the-parable-of-the-frozen-oranges-and-more/ …. David van der Klauw, IIRC.
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