alt Hacker NewsBut it's extractive, i.e. the housing costs what you can pay if you sacrifice. Those who got housing first need to get paid by latecomers. If the cost of building magically went to 0, the soft costs would inflate.
But it's extractive, i.e. the housing costs what you can pay if you sacrifice. Those who got housing first need to get paid by latecomers. If the cost of building magically went to 0, the soft costs would inflate.
Sure. The extractiveness of housing costs can exist alongside the fact that constructing a building on land creates value.