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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.
Alex explained how regulations hurt exactly these kinds of smaller projects: zoning variances and public meetings cost more on a per-unit basis for smaller projects, making those projects less feasible.

Then we'll just sit back and let the market work more efficiently, until the next housing bust.

So we shouldn't increase the rate at which we add to the housing supply because we need to keep a bubble going? The bubble wasn't created by oversupply of housing, it was created by too much credit availability which generated the demand. The demand in DC is already here and it doesn't seem like it's created by a credit bubble, since credit is pretty hard to come by these days. Not sure what your point is other than fear-mongering.

by MLD on Dec 20, 2012 12:36 pm • linkreport

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