Ep 59: The Costs of Discretion with Paavo Monkkonen and Mike Manville
UCLA Housing Voice
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Discretionary vs. Buy-Right Processes in Housing Development
The chapter explores the comparison between discretionary and buy-right processes in housing development projects, discussing the time, uncertainty costs, and challenges associated. It delves into the differences between discretionary and ministerial approval processes, highlighting the impact on construction timelines and project risk. The discussion emphasizes the effects of discretionary approvals on housing affordability, developer costs, and the importance of understanding the complexities in city development processes.
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