The Permitting Bottleneck Is the Whole Story
You can't build what you can't get approved.
Capital is available. Land is available. The binding constraint on housing supply in most expensive metros is the months — sometimes years — it takes to get a permit.
Time Is the Tax
Every month of entitlement delay is carrying cost, rate risk, and political risk compounding against the project. The cities that have streamlined review are quietly building more housing than the ones that subsidize it.
Policy that shortens the clock does more for affordability than most direct subsidies — and costs taxpayers far less.
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