The problem is more appraisers and banks that don’t know what to do with a lot of construction outside some norm, so they won’t know how to value and won’t know how to write loans.
And under circumstances of any substantial demand for their services, they don’t have incentives to change — they make more spending a predictable amount of time on activity they know how to collect fees for.
You could take all the city zoning/codes/ordinances away today, every last one, and you’d still have this problem (and lose whatever regulatory benefits might come with them).
And under circumstances of any substantial demand for their services, they don’t have incentives to change — they make more spending a predictable amount of time on activity they know how to collect fees for.
You could take all the city zoning/codes/ordinances away today, every last one, and you’d still have this problem (and lose whatever regulatory benefits might come with them).