4 ms·
I have seen a lot of luxury apartments springing up but, not actual homes people can buy. That is a problem.
by just_myles 7y ago
I have seen a lot of luxury apartments springing up but, not actual homes people can buy. That is a problem.
- xvedejas 7y agoIt's largely illegal to build units that are sufficiently small to be affordable. Zoning requirements in most places have square foot minimums and amenity requirements (such as parking). That said, even "luxury apartments" give the wealthy a place to live rather than bidding on existing housing stock, and so do relieve price pressure on older buildings.