New York Example: What Happens When Housing Supply Increases? Prices Go Down!
Remember my frustrating conversation with a legislator about there not being any guarantee that builders and landlords wouldn’t just pocket the difference if costs created by regulation went down? I pointed out that if costs went down and supply went up competition would ensue and prices would fall; it’s called the invisible hand. Well here’s […]
Will a Carbon Tax in Washington State Raise Housing Prices?
My first answer to the question in the headline is, “Of course!” Taxation, especially indirect taxation of the fuel that is used in trucks and equipment used in the construction process, would boost costs that would have to be passed on to consumers. The more honest answer is, “I have no idea, only a guess.” […]
McNellis on Housing: It’s Not About More Money but Fewer Rules
A while back at a Urban Land Institute event I had a chance to meet John McNellis who writes brilliantly on housing in California. He’s singing my song yet again in his review of a bunch of legislation recently passed by the California legislature. I didn’t need to know a lot about the legislation to […]
