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this post was submitted on 21 Sep 2023
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And so will unlimited luxury condos priced at millions of dollars each!
That is a capitalism chasing the bag problem, not a too much regulation problem.
It's a too LITTLE regulation problem: most cities have regulations about what you can build where and x amount of housing being affordable.
They don't tell you, but the regulations against replacing affordable housing with expensive condos are some of the ones the people behind YIMBY are most eager to get rid of.