Doesn't zoning fall under the same category as high permit prices when it comes to roadblocks for new units? Even when you say
> It seems to me rent control and eviction restrictions of this type increases the expected profits for new construction
Zoning and high fees will still be a problem, new units can be rented/sold at a premium but then we have the issue of it being affordable in rent or credit. My guess is that the new rule protects(temporarily) whoever is already in the game, any new comer will still get screwed.
> It seems to me rent control and eviction restrictions of this type increases the expected profits for new construction
Zoning and high fees will still be a problem, new units can be rented/sold at a premium but then we have the issue of it being affordable in rent or credit. My guess is that the new rule protects(temporarily) whoever is already in the game, any new comer will still get screwed.