You can just ask property developers why they don't build even though they are allowed by planning regulations.
YIMBYs might be interested in what they say:
"If you're a builder and you have a building permit, that doesn't say you have to build," said Richard Lyall, president of the Residential Construction Council of Ontario (RESCON). "We have builders that have land, they could build, but they are not going to cut prices to hit their market.
They can sit back on the land and wait until things settle down and become a little more predictable."
https://t.co/EFI0y3cuiN
Another merry meander through history with #michaelhudson on #CASTRO's blanks, Obama & MacArthur. Along the way #economicrent https://t.co/siJZIU1Vw9
If you're interested in better ways to build and own a home, get yourself along to this free event tomorrow night in Melbourne. I'm going. I interviewed @earthsharing on podcast which is our most recent episode. Karl is launching h…https://t.co/po1iSqJpvz https://t.co/vzauMHZJiN
#COP27 funding of loss and damage should be driven by a windfall gains tax on all oil and gas rents. Global oil rents have been quantified at $1 trillion pa. https://t.co/9oF5i2loIu
@danziffer@ABCaustralia What role does data scraping, #algorithms and pricing convergence play in the modern era? No need to meet in a secret room when they all have access to the same data feeds! This practice hit our radar when writing up the Staged Releases report and this graph #marketpower
The Staged Releases report presentation, on how developers control supply to lock in price, rather than allowing supply to drive down prices, as promised. A number of factors contribute to this as discussed by @earthsharing#auspol#endhousingcrisis
https://t.co/OYcx6r8Nuz
Great article explaining the housing market's built-in speed limit on new supply
"Forget red or green tape, developers hold supply behind a gold tape: they must ensure there is not enough supply to push prices down."
https://t.co/sAcxtez7Cg
‘The slower the sales, the more developers make’: Land banking by big developers in Melbourne driving up property prices, @Prosper_Aust report shows. #ausecon#ausproperty https://t.co/UvnV1XuAeb
Tune in via zoom or if in Melbourne, come and see us in Person. Karl Fitzgerald @earthsharing finishing his 18 yr cycle with Prosper Australia @Prosper_Aust - with the release of our new landmark report - Staged Releases. Find out more below 👇👇👇
“It’s about brute power: about watching the world bow down before them. For this rush of power, they would forfeit the #Earth.” https://t.co/gvlevFIphU
For all the of the #Trump revelations, it still feels like we know so little about the rentier handouts that slid behind the distractory tweets n tantrums. Opportunity Zones are surely one of the most chilling #gentrification#housingcrisis https://t.co/fXAsj1vdYP
9.6% of Australian properties were found to be vacant in #census21. It is time government measured these more regularly in an era where housing supply is the core focus of government policy. #auspol