Source: Bet On It
by Bryan Caplan
“Since abundance is having a moment, now seems like a great time to repitch my case for by-right construction. Because if Klein and Thompson believe in abundance, I superbelieve in superabundance. My central thesis: Governments regulate housing as if the product has massive net negative externalities. They’re hyperconscious of all the downsides for current residents. Practical downsides, like traffic congestion, parking congestion, and school congestion. Aesthetic downsides, like noise, obstruction of views, and destruction of history. But governments almost totally neglect all of the upsides of housing for current residents — and these upsides are legion.” (07/16/25)