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If there's anything we've learned over the 20th century, it should be that the more controls are in place that distort the housing market to make it more affordable, fairer or you name it, the more expensive and unequal the distribution of housing becomes. What we need to do is encourage construction to the point that demand somewhat matches or even outstrips supply, which not only will halt price increases, but will also create jobs, improve the local economy and provide more options and market competition. Yes, housing doesn't follow ideal economic models, but no sector truly does. However, the more we distort the market, the worse it becomes for all of us.

by Phil on Jan 28, 2013 12:06 pm • linkreport

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