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I understand from an outside view it may look like we think we NEED that much space... But really it's economics of building development, primarily ROI for the
by doctorwho42 9y ago
I understand from an outside view it may look like we think we NEED that much space... But really it's economics of building development, primarily ROI for the building company. It's more profitable to make more expensive type of housing on that land than it is to make small apartments or starter homes. Hence the seemingly barren housing options within the small apartment and small/starter home markets... It sucks...
- 1_2__4 9y agoAnd people say this is necessary when we built thousands of starter homes in decades past and somehow developers still made scads of cash.
- ams6110 9y agoThere was a lot more available space then.
- 0xB31B1B 9y agoThat’s not true, it’s the building codes. Municipalities have made creating new naturally affordable housing illegal. There are minimum unit sizes based on expected occupancy, density maximums (ie up to N units per lot), parking minimums based number of units etc. It is a political problem, not a question of profit.
- deleted 9y ago[deleted]
- closeparen 9y agoWell yeah, we cap total production so low that builders aren’t even allowed to saturate the .01%-er market. If Toyota was only allowed to make 10 cars a year, you can bet they would be top-of-the-line Lexus models.