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Metro areas/states allowing sprawl (Texas metros like Dallas/Houston permitted ~72k homes in 2024 alone) + densification (Minneapolis, Auckland NZ upzoning → 21–24% rent drops in targeted studies) show housing stock growth 2–3x higher and price appreciation 50–80% lower than restrictive peers (California, New York). Supply elasticity over 0.5 typically caps real price growth near inflation. … Read more
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