Quote:
Originally Posted by ChargerCarl
Nightmare scenario:
1. Developers rush to get things built before NII
2. NII passes
3. Flood of new housing stock lowers prices in the short run
4. NII claims their anti-development policies lowered housing costs
5. Housing costs rise in medium/long term, NIMBYs cite NII as evidence restricting supply lowers costs
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I wish you didn't tell me this. Now this is going to be a worry in the back of mind.
I really hope NII fails. If it requires a 2/3rd pass, I'm confident it'll fail. But 51%? That's victory is up in the air imo.