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"If you manage to quote this as 'all regulation is bad' I just might snap"

Please don't. It's like the republican democrat argument when repub's say regulations distort the market and dem's say they're necessary for fairness. Turns out they're both right, it's just a matter of degrees, which is the nuance your statements don't imply.

As for the regulations keeping out smaller players becasue it's one dollar to much, there are many small time developers getting into the game, one rowhouse at a time. In fact that's how almost all the big time developers got their start. The market sorts out which ones made smart decisions and which didn't, but the existing regulations never stopped any from getting into the game, so we'll have to disagree on that one.

"This isn't to say that costs (from regulations) shouldn't be passed on to the end user - what I am saying is that we need to be very understanding of exactly what those costs are and what we get out of it." If all developers have to pass on the costs, then how is that skewing the market place? I work for a small firm that has to swallow the latest lead paint regulations (for example). We whine about it, but we're not going to close shop much like a trader isn't going to get out of the stock market becasue the Capital Gains rate goes up a bit.

Knowing your position is as nuanced as mine then, I might refrase this statememt...
"My point is simple: constraints on supply mean that the market is not operating efficiently. Our current housing market is not efficient at all." ...to
"My point is simple: regulations ought to be eased in order to make the supply of housing better meet the market demand"
Then we'll just sit back and let the market work more efficiently, until the next housing bust.

by Thayer-D on Dec 20, 2012 12:28 pm • linkreport

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