Quote:
Originally Posted by RCDC
How can you tell?
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Use your best judgement. For example, any regulation that limits density subsidizes sprawl on the margin. Also note that cities like Tokyo, which has very laissez-faire land use policies relative to any Western city, has virtually zero suburban growth. So it's not clear that we'd have any sprawl if we adopted similar policies.
Mostly real estate markets strike me as being inherently efficient. I'm not sure why so many people want to regulate them so heavily. What exactly is the market failure you're trying to correct?