[metapsj]

appreciate your response.

i get the impression dense urban environments are ripe for various types of capture not to mention the variety of competing interests that end up diluting the effectiveness of policy to address these issues.

also, i get the impression incentives for housing developers aren't aligned to addressing this problem because in the end it would mean lower margins and a smaller pipeline of future housing development projects effectively putting them out of business.

[bobthepanda]

Keep in mind that, if the barriers of entry are low enough, property development is nothing like a cartel.

Developers will happily undercut each other to steal their competitors’ lunch.

The current model actually promotes cartel behavior; there is so little developable land that it is possible for a few people to hoard the small supply of land.