Housing

We are just now entering the age of industrialization, newly elected President Rodrigo Duterte said recently, explaining why the Philippines will not ratify the Paris climate accords. “Now that we’re developing, you will impose a limit? That’s absurd. It’s being imposed upon us by the industrialized countries. They think they can dictate our destiny.”

There is an emerging consensus about the destructiveness of excessive land use regulation, both with respect to its impact on housing affordability but also its overall impacts on economies. This is most evident in a recent New Zealand commentary.