Are NIMBYs financially motivated or are property developers?
www.fresheconomicthinking.com
A puzzle came via twitter following the crazy story of RBA research claiming that if you remove planning controls, apartment prices will fall 42%. I argued that it would be weird for property developers to lobby for policies that eroded the value of their products and sent their housing projects broke.
Are NIMBYs financially motivated or are property developers?
Are NIMBYs financially motivated or are…
Are NIMBYs financially motivated or are property developers?
A puzzle came via twitter following the crazy story of RBA research claiming that if you remove planning controls, apartment prices will fall 42%. I argued that it would be weird for property developers to lobby for policies that eroded the value of their products and sent their housing projects broke.