Blogotariat

Oz Blog News Commentary

Are NIMBYs financially motivated or are property developers?

August 11, 2020 - 15:00 -- Admin

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 send their housing projects broke. Andrew responded as follows:

The post Are NIMBYs financially motivated or are property developers? appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]