Mises Daily
Author:
Douglas French
Online Publish Date:
have climbed 27% [in Las Vegas] since 1999, nearly seven times as fast as the growth in household incomes in the city. Many builders and would-be homeowners worry Nevada’s state government will burden businesses with enough taxes to stunt job growth, and these builders — or their lenders — will have more ground than they know that assuming today’s home prices does not make any of their land purchases economically viable. They must project that home prices will continue to increase at