The Housing Development Process: How Does Regulation Increase Price?

The FAR or Floor Area Ratio is a designation in the land use code that indicates the density or lot coverage allowed by the ratio of a building's total floor area to the size of the piece of land upon which it is built. The City of Seattle’s assumption is that she could do the math on the fee and evaluate the market and ask the seller of the land to drop their selling price by $86,000. The solution to the price problem is to increase production, not subsidize the inflation with more money for people who can’t afford the product.

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