Quotation of the Day: Pandemic Home Market Creates Vast Riches, and More Inequality - The New York Times

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Sunday, May 1, 2022

“It’s not that they’re not doing anything; it’s that they’ve aggressively blocked development in so many places.”

BENJAMIN KEYS, a Wharton professor, on how homeowners are incentivized to protect the financial value of their property. Housing wealth has soared because it is so hard to build in America.

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