How Much Does Housing Supply Constraints Mean?

Howdoan: It's a fair guess that in the k g p per capita could be about 20 % higher than it is now, if housing supply constraints did not exist. If we destroyed 30 % of the roads in the country at random and never allowd them to be rebuilt, then we might see something like a ten to 20 p or we might see a really huge destruction in wealth. He says there are very few markets that are as important as housing, that are as dis functional as housing. Howdoan: We're so used to seeing everything is like a zero some trade off, that it's like either capital gets the money or labor gets the money. The third category