Does a Construction Cartel Explain Rising Rents?
Does a Construction Cartel Explain Rising Rents?
To a man with an antitrust hammer, everything looks like a monopoly nail. In a recent Substack, antimonopoly campaigner Matt Stoller blames the rise in rents and anemic housing supply growth since 2007 on growing concentration in the home-building industry, rather than local land-use regulations, an explanation he attributes to “noisy” YIMBYs. Is he right?...