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On the other hand it is important to make cities move-to-able. And huge discrepancies in housing costs doesn’t help. One point I’ve heard is cities were more a
by therealdrag0 6y ago
On the other hand it is important to make cities move-to-able. And huge discrepancies in housing costs doesn’t help. One point I’ve heard is cities were more affordable when there was less regulation. So if you require certain sq ft or kitchen amenities, you reduce supply. Or if you prevent certain shared living options, you reduce supply. If the permitting takes years to complete, you reduce supply. These things need fixed so that minimum costs can go down. Sure luxury can still exist, but the floor needs accessible beyond living in the street in tents!
- lopmotr 6y agoThose regulations exist specifically for the purpose of keeping property prices high. That's what people actually want because they already own property and want to profit by restricting the supply to others as well as keeping the riff-raff out which will devalue it. There are neighborhoods in my city with required minimum house construction costs. You're not allowed to spend less than a certain amount to build your house!
- therealdrag0 6y agoYa there was an article on HN in the last year that called out “housing cannot be both an investment and affordable.” Nice and succinct. It’s obvious once you think about it.