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You sort of can, but it requires increasing density (so per square foot stays similar but those with low incomes can still afford a small place) or older neighb
by thebean11 6y ago
You sort of can, but it requires increasing density (so per square foot stays similar but those with low incomes can still afford a small place) or older neighborhoods becoming more expensive than newer neighborhoods (happens all the time).
- egsmi 6y agoIncreasing density likely implies displacing the people presently in the expensive neighborhood for construction. In the U.S. anyway, that’s easier said than done. So that’s definitely a theoretical solution but I’m not sure how practical it is.
- thebean11 6y agoDisplacing sure, but it's almost always voluntary! Zoning rules change, and developers start offering the big bucks for existing homeowners to sell. It's starting to happen in Austin: duplexes/fourplexes are getting built in some of the nicer, more central areas.