27.04.2012 - A healthier real estate market, but for whom?
Washington has artificially limited the supply of buildings, and that has resulted in a tight market with high prices. That’s great if you’re an incumbent owner of a building. It’s not so good if you’re someone who wants to be able to afford to live or start a business there. Caps on development can prevent vacancy and make a city look “full” and “built out.” But this comes at a real cost—higher rents and lost opportunities for economic growth...............................................Full Article: Source
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