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I'm still not following you here. Sure, housing is cheap in and around Detroit or wherever but you explicitly requested we discuss Manhattan. Now, in Manhattan
by rcpt 8y ago
I'm still not following you here. Sure, housing is cheap in and around Detroit or wherever but you explicitly requested we discuss Manhattan.
Now, in Manhattan the city center is expensive. However, very near the city center, housing can be affordable while still having a reasonable commute. This is because of density.
> SV does not have cheap housing close to jobs largely due to geographic issues. It has a tiny strip of land that can be developed so all of it is going to be expensive.
You are totally wrong here. The housing is expensive due to undersupply which is brought about by restrictions on zoning. There is a huge amount of land to build on but zoning laws require that most of the land here be used for detached single family homes.
- Retric 8y ago> The housing is expensive due to undersupply I agree that it's a massive factor, but it's just one factor among many. Look at a satellite map of the area, in the middle you have the bay which not only takes up space but also chokes traffic. West you have the ocean, and north is again limited by the bay. South and east you have mountains and parks which limit where you could build transit or housing. For comparison look at D.C. it's zoned to be low to mid density, and has terrible roads. But becase people can commute from a huge area to the hart of the city it's prices are not insane. Further, many office buildings clump up in various areas around the city. That can't really happen to SV which props up land value.