alt Hacker NewsI disagree. Zoning, building permits, inflated utility hook-up charges, etc is what restricts me from buying a one-acre parcel and putting in 30 snug cabins.
I disagree. Zoning, building permits, inflated utility hook-up charges, etc is what restricts me from buying a one-acre parcel and putting in 30 snug cabins.
Sure, but if zoning etc didn't prevent you from doing that, the price of the land would just be far higher.
High enough again to make it hardly profitable (if you're lucky) to do what you're allowed to do on that land.
There are entire businesses that just buy lots, change their zoning, then sell them. It's all priced in.