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I assume this would mean trying to vote for politicians that would remove the artificial supply and demand in somewhere like San Francisco where, if stories are
by nikomen 7y ago
I assume this would mean trying to vote for politicians that would remove the artificial supply and demand in somewhere like San Francisco where, if stories are correct, the local population doesn't allow for dense development. I'm not sure what you do in locales like New York where development is already dense in many areas.
- TulliusCicero 7y agoNYC has some similar problems, albeit not as severe. IIRC much of the existing housing in NYC is 'illegal' in the sense that current zoning would prevent it from being built today due to density restrictions. For a counter example, you can look at Tokyo as a place that's more of a free for all, and indeed while it's still fairly expensive, it's much less so than the bay area or NYC.
- jtuente 7y agoRent alone accounts for the majority of the difference in CoL, but that may also depend on your expectations for the living space. https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Japan&city1=Tokyo&country2=United+States&city2=New+York%2C+NY&amount=3700&displayCurrency=USD https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou...
- TulliusCicero 7y agoEven if you compared studios in NYC to 1br's in Tokyo, Tokyo would still have a huge rent price advantage.