Supply, Demand and Deregulation with Professor Bryan Caplan

Overview

In this special episode of Industry Relations, Rob and Greg welcome economist and author Professor Bryan Caplan to discuss his latest book, Build Baby Build: The Science and Ethics of Housing Regulation. The trio dives into the housing crisis, exploring how deregulation could address affordability, inequality, and other societal issues. Bryan’s insights challenge conventional thinking, offering bold solutions for the future of housing.

Key Takeaways

• Core Argument: Bryan argues that excessive housing regulations have driven up costs, stifled innovation, and exacerbated inequality, advocating for widespread deregulation.

• The 50% Reduction Claim: Deregulation could halve housing prices nationwide by enabling construction and reducing bureaucratic hurdles.

• NIMBYism and Local Politics: Local resistance to development, often driven by fear and misinformation, remains a significant barrier to solving the housing crisis.

• Economic and Social Benefits: Lower housing costs could address issues like inequality, mobility, and declining birth rates, while also improving quality of life.

• Role of Realtors: Real estate professionals and associations could play a pivotal role in advocating for deregulation to increase housing supply and affordability.

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Check out Bryan's amazing graphic novel: Build Baby Build: The Science and Ethics of Housing Regulation

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