again, here’s an extremely informed, economically center-right commentator making this point in a US context. www.housingwire.com/articles/why... 1/
Why we can't build our way out of this hot housing market
Link Preview: Why we can't build our way out of this hot housing market: Even though we will have steady demand for several years, the housing market will not see the construction boom so many have hoped for.
there have been times and places in the US where construction booms “overshot” to actually lower prices below builder expectations, but industries work usually effectively to avoid that kind of thing. /fin
the money is for establishing the cartel. if the immediate gain of a new profitable sale were sufficient to overcome coordination for longer-term benefit of restricted supply, cartel wouldn’t even be a word.
it’s a separate set of claims. many factors can inhibit new supply relative to a supply-until-prices-meet-the-marginal-cost-of-physical-production model. i suspect different factors are binding in different places and circumstances.
(yeah, the “won’t hurt” new supply point stands.)
You can reject, but they might or might not be! It’s a point not only restricted to anti-YIMBYs. www.housingwire.com/articles/why... 1/
(the “reforms won’t hurt” point survives, but so does the general case that, absent state action, industries often find ways to coordinate in order not to supply into ruinous effects on prices.) /fin
decisions surrounding whether to build ADUs are made by quite the opposite of volume builders. there’s a kind of natural antitrust there that can promote delightfully ruinous competition.
from “What determines rent?” @fromarsetoelbow.bsky.social fromarsetoelbow.blogspot.com/2025/07/what...
Text: “In the case of housing, there are real constraints such as restrictive planning regulations and limited real resources (builders and building materials), but the biggest determinant is the reluctance of volume builders to over-supply the market and so depress prices. In this context, the state is a volume builder that has taken a self-denying ordinance to maintain house prices, both for owner-occupiers and landlords, which is why the UK government is so reluctant to build council houses despite the pressing need, and why US liberals like Ezra Klein and Derek Thompson argue that "abundance" can be achieved by simply rolling back regulations and striking out building codes, which provides an easy excuse to ignore capitalist realities in favour of a technocratic can-doism.”
they used to mock us with “Green Lantern theory” when we tried to make this point.
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most people won’t ask for a comprehensive compilation. they’ll ask for a summary and evaluation. which requires judgments about what is important and which claims are credible. different LLMs will, based on their training, tend to treat different kinds of claims as credible and important.
Sleeper (1973) Clips - Healthy Food and Tobacco
Link Preview: Sleeper (1973) Clips - Healthy Food and Tobacco: YouTube video by sparkyfry
(i think chronic venus insufficiency might explain a lot.)
if one wanted to sum up what American governance has lost in a single word, “faithfulness” would not be a bad choice this by Mila Sohoni is wonderful, reads like aspirational science fiction but describes a very recent past. www.virginialawreview.org/wp-content/u... ht @nicholashandler.bsky.social
if trade deals can be unilateral, why not engagements? ht @bananapantz.bsky.social
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on the bright side, i guess that means by definition we no longer have any incels!
kindness is sexy.
you are very young at heart.
yes.
i think it will go coordinated, model providers will monetize it, just as search engines did with SEO, unless there’s a diversity of models and control over models, and vigorous competition.
(i just have to comment i think domestic misinformation is at least as bad as foreign disinformation. otherwise it was a good article, but the emphasis solely on malign “foreign” actors irked me.)
all the faith i have left.