Monday, March 23, 2009

Increasing Property Values Through Regulation

miss_breeziness and I were talking about factors that made housing expensive, including environmental rules that prohibit new construction on various preserved spaces. As she wrote:
Same here in New Zealand with the Resource Management Act...One of the reasons housing in Auckland is so expensive.
It's supply and demand 
as applied to land. 

You diminish supply 
and the price gets high.

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