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I disagree. People want to live in cities for the jobs and opportunities they offer. It is very difficult to increase the housing stock within cities even with
by majjam 9y ago
I disagree. People want to live in cities for the jobs and opportunities they offer. It is very difficult to increase the housing stock within cities even with the measures you list, this scarcity of housing is made worse because landlords buy up flats turning them into AirBnb properties, preventing people from living in them. This results in the hollowing out of cities so they become tourist resorts. Barcelona has had a particularly hard time with this.
- sien 9y agoIt's quite possible. Look at Texas housing affordability. Then look at the growth in population. Texas has lots of jobs and affordable housing. The Demographia Survey makes it clear. High restrictions to building. High cost. http://www.demographia.com/dhi.pdf http://www.demographia.com/dhi.pdf
- quuquuquu 9y agoI do see your perspective, as my solution would lead to sprawl, long commute times, and increasing difficulty to find work outside of the city center. Unfortunately, while it is a solution to put more people into the city center, it becomes difficult to make sure that people who are purchasing property aren't doing it for rent-seeking. I think this problem will be tough to enforce/fix. I guess the only real solution is busting up office/industry centralization somehow!
- isostatic 9y agoYou'd think if anyone could decentralise work, it would be silicon valley, yet I understand rents in that area are as high as anything in manhattan.