Just because its heavily regulated doesn't mean it is centrally planned. Housing isn't decided at the federal level. Even city and county commissions that largely decide fate of large, new projects have to abide by state laws or executive orders from governors that sometimes overrule them. And as long as you propose a project that fits zoning rules on the specific parcel you own, you get a permit to build your dream house.
And if one city, county or state says no to your commercial or industrial venture, it's nice that you can shop other states that might love to have you.
Centrally planned at the municipal level. Every municipality's city council doubles as a mini-Gosplan which passes edicts down to the plebs about how much housing is to be allowed in their town. What's that, you say? More people want to move in than Gosplan thought? Too bad for them and the housing market.
>And as long as you propose a project that fits zoning rules on the specific parcel you own, you get a permit to build your dream house.
Yes, after the central planners decided that a plot of land is to have a single-family dwelling (subject to restrictions on the number of bedrooms, lot coverage, lot frontage, generous buffers on all 4 sides, building height, etc etc), then you are of course free to build exactly that kind of single family dwelling and no other.
>And if one city, county or state says no to your commercial or industrial venture, it's nice that you can shop other states that might love to have you.
It's also nice for the homeowners to see their property values artificially inflated by artificial scarcity brought about by their little local central planning committee. No one claims a centrally planned economy is bad for everyone. In this case, it's great for the rich and the incumbents.
Just because its heavily regulated doesn't mean it is centrally planned. Housing isn't decided at the federal level. Even city and county commissions that largely decide fate of large, new projects have to abide by state laws or executive orders from governors that sometimes overrule them. And as long as you propose a project that fits zoning rules on the specific parcel you own, you get a permit to build your dream house.
And if one city, county or state says no to your commercial or industrial venture, it's nice that you can shop other states that might love to have you.
Centrally planned at the municipal level. Every municipality's city council doubles as a mini-Gosplan which passes edicts down to the plebs about how much housing is to be allowed in their town. What's that, you say? More people want to move in than Gosplan thought? Too bad for them and the housing market.
>And as long as you propose a project that fits zoning rules on the specific parcel you own, you get a permit to build your dream house.
Yes, after the central planners decided that a plot of land is to have a single-family dwelling (subject to restrictions on the number of bedrooms, lot coverage, lot frontage, generous buffers on all 4 sides, building height, etc etc), then you are of course free to build exactly that kind of single family dwelling and no other.
>And if one city, county or state says no to your commercial or industrial venture, it's nice that you can shop other states that might love to have you.
It's also nice for the homeowners to see their property values artificially inflated by artificial scarcity brought about by their little local central planning committee. No one claims a centrally planned economy is bad for everyone. In this case, it's great for the rich and the incumbents.