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<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> colonywoodsnc@googlegroups.com <colonywoodsnc@googlegroups.com> on behalf of Pat Carstensen <pats1717@hotmail.com><br>
<b>Sent:</b> Friday, April 21, 2023 5:42 PM<br>
<b>To:</b> colony woods group <colonywoodsnc@googlegroups.com><br>
<b>Subject:</b> [ColonyWoodsNC] Bloomberg News on how well loosening regulations is working</font>
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I want to move into the apartment they describe in Austin</div>
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<a href="https://www.bloomberg.com/news/features/2023-04-21/luxury-apartment-boom-pushes-out-affordable-housing-in-austin-texas" id="LPlnk816300">https://www.bloomberg.com/news/features/2023-04-21/luxury-apartment-boom-pushes-out-affordable-housing-in-austin-texas</a><br>
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<span class="x_ContentPasted1" style="font-family:PublicoText-Roman-Web,Georgia,Cambria,"Times New Roman",Times,serif; font-size:20px; display:inline!important; background-color:rgb(255,255,255)">Inconveniently for the Yimbys, Austin, like other cities, is
still way more expensive than it was years ago, even though it’s built so many apartments. As a result, a small group of academics is starting to question the free-market path. These critics note that the market leads developers to build luxury housing on
scarce and sought-after property to maximize the return on their investment. “Yimbys say, ‘We have to let the market build,’ ” says<span class="x_ContentPasted1"> </span></span><a href="https://wilder.vcu.edu/people/faculty/benjamin-teresa.html" target="_blank" title="Link to website" rel="noopener" class="x_ContentPasted1" style="margin:0px; border-width:0px 0px 0.5px; border-bottom-style:dotted; font-size:20px; font-family:PublicoText-Roman-Web,Georgia,Cambria,"Times New Roman",Times,serif; text-decoration:none; background-color:rgb(255,255,255)">Benjamin
Teresa</a><span class="x_ContentPasted1" style="font-family:PublicoText-Roman-Web,Georgia,Cambria,"Times New Roman",Times,serif; font-size:20px; display:inline!important; background-color:rgb(255,255,255)">, an urban planning scholar at Virginia Commonwealth
University. “But what kind of housing are you building, and for whom?”</span><br>
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