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To: Maurice Winn who wrote (62733)	4/25/2005 8:07:52 AM
From: Robohogs	Read Replies (1) \| Respond to of 74559

You are basically saying that the supply curve is shifted to the left by the use restrictions resulting in higher prices, correct? Without limitations, supply of housing would be greater. Jon

To: Maurice Winn who wrote (62733)	4/25/2005 11:37:22 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 74559

If there is enough economic demand in your area for apartment buildings and a law is passed prohibiting the construction of apartment buildings -- the value of your property promptly declines. You guessed the value of your property should have gone up because you are unacquainted with real estate economics, just like your idol Sowell. You need to have a talk with your local property valuer. They will be able to better acquaint you with with the facts of life. .