9 ms·
Even if you artificially lower apartment rent, there would still be a lack of housing in cities. It would actually make the problem worse because more people co
by an_account 10y ago
Even if you artificially lower apartment rent, there would still be a lack of housing in cities. It would actually make the problem worse because more people could afford to live in cities, and less people would want to build new units.
Either young people need to be okay not living in cities, or governments need to encourage more housing to be built in cities. But, instead, young people want urban living and municipalities are only increasing restrictions on building new units. Obviously in this senario prices will go up, it's basic supply and demand.
Note: I am a young person living in a city.
- jdavis703 10y agoThe suburbs are as expensive, or even more expensive than the city. I've honestly considered moving closer to my job in the suburbs, but for the same rent I get a far less desirable neighborhood (i.e. no close by bars, bad transit, nosey neighbors, mostly generic chain stores etc). Houses have to go somewhere. Or should people just be stuck spending hours commuting?
- taurath 10y agoHow many homes are investment rental homes or apartments with nobody that lives there? I'll bet a huge amount.
- xanderstrike 10y ago> But, instead, young people want urban living I think most young people are trying to go where the jobs are more than anything.
- taurath 10y agoThis entirely. If you want competitive wages and non-backwards social groups you go to cities. I suspect there will be enclaves out in the suburbs soon as people make their money and switch mid life to more rural living where it's slower and more sustainable
- maccard 10y agoYep. Many of the people I went to school with are now back living in the town we grew up in because there are jobs available. Given th choice most of them would stay where they are rather than move to a city.
- Trundle 10y agoArtificially lowered apartment rent seems obviously flawed but how about just not artificially lowering supply? Surely these high prices should have a lot of developers chomping at the bit to turn low density accommodation in to high density accommodation.
- Trundle 10y agoArtificially lowered apartment rent seems obviously flawed but how about just not artificially lowering supply? Surely these high prices should have a lot of developers chomping at the bit to turn low density accommodation in to high density accommodation.
- PebblesHD 10y agoIndeed, and I feel like not living near a city is the only realistic option. My hope is the eventual completion of the western metro line to Windsor might allow my commute to drop below an hour each way. At the moment the M2 motorway costs me about 15 hours of my life every week, which I'd really love to spend sleeping in when I'm exhausted, or writing, or playing with some new code, or really anything that doesn't involve sitting on a bus. Sadly even out of the city it's almost unaffordable, which is a shame.
- xarope 10y agoI remember parking at e.g. Epping and catching the train to town. Is that not an option for you? You'd be able to catch some ZZZs on the train for part of that journey, rather than having to drive all the way.
- PebblesHD 10y agoI've tried it a few times. The closest station to here is Quakers Hill, which is roughly the same time on the train as I spend on the bus, with the added drive before hand. The comfort is much better but actually leaving my car there is a scary prospect.
- jononor 10y agoGet a cheaper car...