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by treis
2578 days ago
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>3/ Neither of these factors, if they fully explained the value increase, would support the claim that regulation is to blame. The point is that the 50% increase is the baseline appreciation or in other words the increase due to everything but regulation. Things like natural inflation, construction costs, etc. A rate above that is likely due to supply being constrained by regulation (or at least that's what the GP argues). |
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