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by SoftTalker 307 days ago
It's better than none, which is what you'll get if you start mandating what developers can build. They'll just go somewhere else where they can make more money.
1 comments

love this debate! the market built a ton of houses leading up the the GFC until the market decided it was too risky: https://fred.stlouisfed.org/series/HOUST

this was in a similar regulatory environment we face today. so if you take the market logic, then the market caused the problem as much as regulations.