Unleashed - How to Thrive as an Independent Professional

576. Bryan Caplan, The Science and Ethics of Housing Regulations

9 snips
Jun 10, 2024
Bryan Caplan, a professor and author of 'Build, Baby, Build,' dives into the complexities of housing regulations and the compelling case for their deregulation. He argues that lowering these barriers could lead to reduced housing costs and increased equity for all. Caplan tackles the 'zoning tax' and the influential forces lobbying to maintain the status quo. Additionally, he explores how overly restrictive regulations stymie innovation and environmental improvements in housing. A thought-provoking conversation that questions the norms of urban development!
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INSIGHT

The Challenge of Deregulation Support

  • Radical housing deregulation requires convincing many people that it benefits everyone with lower costs and more equity.
  • People are hypersensitive to harms from building but blind to its benefits, causing widespread support for regulation despite economic illiteracy.
INSIGHT

Developers Push; Activists Block

  • Developers lobby to obtain permissions and bend rules to build, unlike activists who mostly try to stop development.
  • Without developer lobbying, almost no new construction would happen because activists aim to prevent everything.
ADVICE

Abolish Zoning Laws

  • Abolish zoning laws to eliminate barriers that stifle new construction and innovation.
  • Shift the burden to complain under the law of nuisance, requiring complainers to prove harm rather than prevent building preemptively.
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