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| ▲ | tamcap 2 hours ago | parent | next [-] |
| Based on my personal observations, most of the local zoning restrictions in the US come from conservative local residents, and not a cabal of developers. The latter want to build. And I am using the word conservative in the non-political sense here - opposed to change. The individual motivations are many, but ultimately, a lot of people tend to avoid change around where they live. |
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| ▲ | motbus3 34 minutes ago | parent [-] | | In large cities, housing is now being built specifically for rent, and there are many early sales opportunities available exclusively to companies.
In certain cities of Ireland, it is common for a new block of apartments to be sold out within the first hour. You get in a queue to visit on the first day and you don't even have a chance. |
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| ▲ | postingawayonhn 2 hours ago | parent | prev | next [-] |
| Real estate development is a pretty competitive business with few barriers to entry. Nobody controls enough of the market to make it worth trying to restrict other developers. In most cities it's developers who are pushing councils/government to rezone land so they can secure additional development sites. |
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| ▲ | ianm218 2 hours ago | parent | prev [-] |
| I don’t think so - those companies are atleast modestly pro growth. They want to do more projects. In NYC and Boston local residents talk about “evil developers” who want to replace vacant lots with homes and businesses |
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| ▲ | motbus3 32 minutes ago | parent [-] | | I don't know about Boston case, but in Ireland it is common for developers to build and investment funds to buy it all in closed door meetings. So your only option is to rent.
In other places of the world where I lived, it was common to rent a completely different region to only find out later the company letting the house/apartment belonged to the same group. |
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