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I often think about the feel good regulations in big cities that require certain amounts of square footage and various amenities to be included in all units. The resulting cost is so high that people have to have 6 roommates in small apartments.
What if developers were allowed to actually cater to the demands of those consumers and build units that suited what people were actually looking for?
Big problem here is that the neighborhoods themselves want to use the regulations to tie up development.
It's an interesting situation where the state actually wants deregulation but neighborhoods want to keep their ability to prevent development.
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I have lived in places where there is no regulation on buildings that I could discern. For instance, in Japan, there are a lot of cities and sections of cities that evolved without any kind of regulation, at all (except for keeping the red light district in one area of the city). It is still organized, but in a different way from what you see in, say, America. There are complaints, but everybody understands that one’s property is his to do with as he wishes.
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That is a good question, but who ever heard of the state leaving these sorts of decisions to the actual consumers, themselves? It won’t happen because THEY feel they are doing the best for other people who cannot do the best for themselves.
Best quotes by C. S. Lewis Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.
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It seems like the closest to deregulation is when a new product enters the market that does what regulations are preventing and it gets adopted too rapidly to outlaw it.
Uber comes to mind. The way that company rolled out p2p rideshares will be a legendary piece of free market history.
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Jimmy Carter and Ronald Reagan did some radical deregulation in the transportation industries that worked out well. The airlines and trucking were reformed to make them useful to the shippers. I think that sort of massive deregulation would be possible if the people of the state demanded it, however, they sometimes prefer to have the regulations in place because they stifle competition in the housing prices.
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