"Value" is just another way to say it is a nice neighborhood.
If only number of available housing units is your concern, then why not simply build them elsewhere?
If only number of available housing units is your concern, then why not simply build them elsewhere?
What makes more sense, for the state of California to massively increase teachers salaries just so they can afford a basic house, or allow yourself to have a few more neighbors?
At this point it’s pretty obvious what your answer will be so consider that a rhetorical question.
In any case, if it doesn't matter that the neighborhood is nice, surely you can find some crappy part of town to build a skyscraper.
Only if you deliberately take my words out of context.
I was talking about increase the value of an investment, which is purely a function of supply and demand.
Creating unnecessary scarcity by capping supply benefits no one other than the wallets of a small few.