Real Estate Economics: Quantity Restrictions

This lecture covers the concept of quantity restrictions in real estate economics, where the state sets minimum and maximum quantities of land that can be sold, impacting prices and market equilibrium. It explains the implications of minimum quantity requirements, including the need for low prices to ensure sales and high prices to encourage sellers. The lecture also discusses the effects of subsidies on buyers and sellers, as well as the consequences of maximum quantity restrictions, such as the need for price rationing. It concludes with an analysis of the overall impact of public interventions on total surplus in the real estate market.