Probably not. The financial incentive for someone to apply their skills, time, effort, and money towards an enterprise requires the prospect of a substantial ultimate payout.
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Not to mention rent control disincentivizing development.
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I agree. There are better ways to provide affordable housing rather than rent control. Trick is to make rental markets competitive (rental companies and landlords hate that,) and to provide temporary relief when market failure is evident and palpable.
End of conversation
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What about the many subdivision developers in the US?
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Improper/restrictive zoning is a contributory factor and at times the main driver. But collusion, redlining, NIMBY, other anti-competing practices are also important drivers. Analysis of major US housing markets suggests a variety of factors at play, even in SF!
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