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by hx87
3045 days ago
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> The instant you sign a mortgage it becomes in your economic best interest to limit the supply of housing. Not if you own the underlying land, or at least a portion thereof, and willing to build higher and denser and rent it out. For example, if I own a 1 story house, NIMBYism prevents me from building another story and renting it out as a separate unit for extra income. NIMBYism raises the value of my current property but lowers its potential value. |
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