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Yoni Appelbaum @yappelbaum.bsky.social

You didn't read the study, AND you're confident it's wrong? www.nber.org/papers/w33876

jun 9, 2025, 3:40 pm • 0 0

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Scott Christy @scott-christy.bsky.social

Not at all, when I tried to use the link the page wasn't found. But examining the sprawl currently taking place where I live, I don't think the problem is regulatory - the issue is cost. Not the cost of development, but the purchase cost that excludes potential homebuyers.

jun 9, 2025, 7:22 pm • 0 0 • view
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Scott Christy @scott-christy.bsky.social

Why develop property when labor and materials are so expensive that no one can afford to buy?

jun 9, 2025, 7:23 pm • 1 0 • view
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Yoni Appelbaum @yappelbaum.bsky.social

I agree that the issue is cost. But the paper takes pains to quantify the roles of materials, labor, and regulation—and finds it's mostly the last.

jun 9, 2025, 7:24 pm • 1 0 • view