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So most Americans live in the suburbs and commute but in a semi-big cities if you are not a middle class you cannot even afford to rent (not even think about b
by holydude 9y ago
So most Americans live in the suburbs and commute but in a semi-big cities if you are not a middle class you cannot even afford to rent (not even think about buying) an apartment ?
Why is this a big problem ? I thought in the US you guys are more liberal when it comes to building highrises. Or is it because no matter the demand it's just too unaffordable for your avg joe ?
- jacalata 9y ago> I thought in the US you guys are more liberal when it comes to building highrises. That's probably not true, although it depends where you are comparing it to.
- twblalock 9y agoAmerican cities are generally restrictive about building high-rises, or any new housing for that matter. Everyone wants their city to remain the same as it was when they moved there, and unfortunately they have the political power to obstruct new construction.
- yourapostasy 9y ago> I thought in the US you guys are more liberal when it comes to building highrises. Even in a no-zoning "paradise" like Houston, short-term economics rule the roost. Approximate rule of thumb in the US I've heard is if a Single Family Residence is 1X cost per unit living area, a Multi-Family Residence (about 3-4 stories) is 3X, and a high-rise is 6X. Developers turn over inventory way faster at the 1X multiplier by selling to a bigger market. This is also confounded by American expectations of living space; they're not tempered much if at all by moving into apartments and high-rises, so costs go up. US residential growth planning is all kinds of dumpster fire ugly, so these are by far not the only factors that contribute to why we don't see more high-rise developments in American cities. Just the tip of the seriously messed-up iceberg.