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I said "it was the easy money that led to the last housing bust" and you said, the bubble was caused from the credit used to buy the houses. Easy money=credit, ergo we agree!

You also bring up an interesting question about where the housing was built. You say regulation led to the ex-urb building boom, but there was also a shift in culture where people's additudes about city living has also changed for reasons well know.

Ultimatley, there would be more (urban) housing getting built if credit was loosened up, so shouldn't we also be calling for easier money while we call for loosening building regulations? I realize this might turn in to a circular argument, but my point isn't simple and either is the definition of what constitutes a market. That's why this constant call for raising the height limit is wrong headed.

by Thayer-D on Dec 20, 2012 2:30 pm • linkreport

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