5 ms·
> 'more supply will come in' just isn't working for housing Curious where you live because in Seattle this has definitely kept the rent prices from growing as
by chillacy 6y ago
> 'more supply will come in' just isn't working for housing
Curious where you live because in Seattle this has definitely kept the rent prices from growing as fast as in the SFBA.
Admittedly these are apartments on the expensive side though, affordable housing is not a priority for developers because it's not as profitable per square foot. Blame {wealth inequality | zoning}, depending on your outlook.
- Pfhreak 6y agoSeattle. And housing prices here are astronomical. My home has nearly tripled in value over seven years.
- macspoofing 6y agoSo why wouldn't developers simply build higher-density housing to maximize this crazy profit per square foot? Why not buy your single-family home, demolish it, and build a multi-family/multi-storey apartment building and maximize the profit from that high-value land? Do they hate money? ... or are there regulatory barriers preventing them from doing that - barriers that are supported by existing property owners, who like their house prices tripling every 7 years. It must be that they hate money.