In article , "Peter
Gottlieb" wrote:


Hanger supply is exactly like real estate supply.

no it isn't.

Why not?

for one, not many NIMBY goons are successful opposing building new
homes and apartments. otoh - not many NIMBY goons fail to prevent
airport "expansion"

so, why do you think it is?

1) Limited supply based on land availability
2) Demand based on the same factors as real estate
3) Direct competition with other land uses
4) Similar pricing dynamics

That doesn't make it "exactly" like real estate supply.

but let's look at each of those points.

1) KBED and other airports in this area, an area with little
unbuilt land, have enough airport property to build hangars for
everyone on the waiting lists. Would anyone like to claim that
there are enough buildable lots for homes in this area?

2) While having a place live (home, apartment) and a place
to work (the workplace) are basically essential, having a place
to hangar an airplane is not essential for anyone. This is
a major difference in the demand.

3) Finding a place to build a hangar competes with only
some other land uses. Only an idiot would build a home or
a hospital next to 11-29 at KBED. There are factors limiting the
ability to build homes which don't effect the ability to
build hangars (e.g., sewer, water)

4) "Similar pricing dynamics" would is circular.

--
Bob Noel