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You could have both if dense housing was allowed to be built and people bought condos.
by swiley 6y ago
You could have both if dense housing was allowed to be built and people bought condos.
- bradlys 6y agoHow? If an asset goes up in value then that means someone is paying more for it at the end of the day. Thus, it’s less affordable... If your argument is about splitting up land use by building higher, it still is true. At the end of the day, that land became more expensive and you are less able to purchase the land. Appreciating asset and affordability are opposites by definition.
- swiley 6y agoYou're less able to purchase the same size of land but size really isn't that interesting unless you're planning to farm it.
- akomtu 6y agoAnother solution is a ban on new office buildings in areas with insufficient housing supply. Right now the corps happily build new offices in cities that are already overcrowded to the tilt, and the city councils turn a blind eye to this. I realize that such a law would have no sponsors.
- pdimitar 6y agoThis started becoming bigger and bigger problem in Sofia (capital of Bulgaria, in the Balkan Peninsula, Eastern Europe). I live for 20 years here and now I want to get out because almost every plot of land eventually gets filled with the same faceless concrete and glass block that the office buildings are. Aesthetic sentiments aside, those office buildings bring stress to the local infrastructure in many ways. One win however is that local businesses that serve food and drinks at least survive which is not a small win during COVID-19 times.