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I have never seen a high density city have low rents. Mumbai, Hong Kong, London, NYC. Is there any factual and proven example of a city that has increased densi
by jelliclesfarm 6y ago
I have never seen a high density city have low rents. Mumbai, Hong Kong, London, NYC. Is there any factual and proven example of a city that has increased density and housing became affordable and cheaper as a result of more units?
- nerfhammer 6y agoTokyo
- jelliclesfarm 6y agoJapan has falling birth rate.
- cam0 6y agoTokyo is consistently ranked as one of the most expensive cities in the world.
- nerfhammer 6y agoyet rent is less than half of that of San Francisco or New York
- cam0 6y agoI'm glad you pointed this out. I've had this thought floating around in my head for a long while. The only affordable high-density cities I can think of are in Thailand, Africa, and maybe Eastern Europe? I think NYC is our best comparison though... it's actually much more expensive per square foot to buy in Manhattan than it is in SF, and the rental prices are approximately the same.
- jelliclesfarm 6y agoAuckland, NZ is another example of a high density real estate hub gone bad. Mortgages are lower than rents but lack of housing stock.
- jonsno56 6y agoSingapore https://m.youtube.com/watch?v=3dBaEo4QplQ https://m.youtube.com/watch?v=3dBaEo4QplQ
- jelliclesfarm 6y agoSingapore has public housing. You don’t own the unit. You lease it from the govt. I think it’s 99 year lease transferable. Most residential units are not used or traded as a speculative asset. [..] The majority of the residential housing developments in Singapore are publicly governed and developed, and home to approximately 78.7% of the resident population.[..] https://en.m.wikipedia.org/wiki/Public_housing_in_Singapore https://en.m.wikipedia.org/wiki/Public_housing_in_Singapore
- opportune 6y agoThe rents in high-density areas of Seattle before the pandemic were about 30-50% less.