4 ms·
The article fails to break out cost of building versus cost of litigating to be able to build. They mention the NIMBYs, but without putting dollar or % value on
by sologoub 10y ago
The article fails to break out cost of building versus cost of litigating to be able to build. They mention the NIMBYs, but without putting dollar or % value on what costs they create.
Santa Monica and West LA are great examples - costs and rents have skyrocketed. However, much of the land is 1-2 stories, if that. Large portions of the housing stock is more than 50 years old.
If they were to make it 3-4 stories instead (hardly Manhattan density, or even SF), we could fit 2-3x people no problem. Unfortunately, between zoning, NIMBYs and rent control, you can pretty much forget about it.