Eventually they'll work out that land cannot ever be a functional market - because they don't make it any more.
A far more useful regulation would be to require those business owners funding these lobbying operations to release their own massive pads, demolish them and build high rise, high density accommodation for millennials. Then they get to feel the cost of over centralisation personally.
If you want to make a fortune out of this, buy land in the bubble areas and just sit on it. It's a one way bet.
There are already lots of people who voluntarily want to demolish the house they own to build apartments; why not allow them to do so first, before we start talking about making people do it against their will?
Well it's about allocating the cost. Surely the cost of intensification should be paid by those needlessly intensifying.
Certainly amongst technology firms there is little need to be in a particular place. That requirement is largely down to a power play and lack of management and organisational skill
A far more useful regulation would be to require those business owners funding these lobbying operations to release their own massive pads, demolish them and build high rise, high density accommodation for millennials. Then they get to feel the cost of over centralisation personally.
If you want to make a fortune out of this, buy land in the bubble areas and just sit on it. It's a one way bet.