Interesting article on the effects of regulation.
Originally shared by Alan LightDespite extreme crowding and limited space, Tokyo avoids out-of-control housing costs, basically by respecting property rights - and with a population of 13 million (in the city) has more housing starts than all of California (with about 3 times the population, far more space and soaring property prices) or all of England.
Will California learn from their example? No.
https://fee.org/articles/why-isnt-rent-in-tokyo-out-of-control/
Will California learn from their example? No.
https://fee.org/articles/why-isnt-rent-in-tokyo-out-of-control/
Why Isn't Rent in Tokyo Out of Control? | Alex Tabarrok