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"I have no interest in proscribing what a developer builds. My argument is that so-called "trickle-down" housing economics is a myth. "

That is correct. The idea that filtration theory of housing markets is equivalent to the belief that tax cuts on high income earners always benefit low income people, is, indeed, a myth. Glad to hear you acknowledge that.

That you can make housing affordable by limiting the building of it is also a myth.

by AWalkerInTheCity on Sep 7, 2012 3:13 pm • link • report

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