4 ms·
I don't think it's straightforward at all. The premise of the article gives a lot of counterarguments. The developers are bypassing these laws to build luxury a
by Ozzie_osman 8y ago
I don't think it's straightforward at all. The premise of the article gives a lot of counterarguments. The developers are bypassing these laws to build luxury apartments for the rich, and so even if height limits are the only reason buildings are twice as tall (which is probably not true), and there was twice as much housing, it could very easily be housing that's built for the mega-rich (think a high-wealth overseas person who will purchase it and then rent to a high-income local professional worker). That living space would be anything but "affordable". Not all housing is created equal.
- closeparen 8y agoPrice comes from the market, not from physical characteristics of the unit. This is incredibly easy to check: identical luxury apartments that are $4000 in SF and NY go for more like $1200 in Chicago.