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More supply on limited land. Which will be bought out by the same 5 real estate companies, just like everything else.

by bserge 5y ago

harryh 5y ago
Even if you were right (and I don't think you are) about the same 5 real estate companies buying up all added supply, it wouldn't matter. Those 5 companies would still be subject to the forces of supply and demand. Increased supply with flat demand means falling prices. https://twitter.com/cw4emeryville/status/1438862784024891394 https://twitter.com/cw4emeryville/status/1438862784024891394
inglor_cz 5y ago
Remarkably, Austrian capital Vienna manages to keep a good municipal stock of affordable housing. But other cities failed to imitate Viennese methods. Also, Berlin has a lot of land that could be built upon. Land is not a scarce resource in that particular corner of Europe.
- Sebb767 5y ago
  Berlin itself is quite full (with the exception of the airport park, which is intentionally kept as a green area). There is a lot of cheap land available in Germany, especially in the countryside on the east, but near the city the situation is different.
  - inglor_cz 5y ago
    Looking now at Berlin from the bird's perspective, Tegel airport could probably be redeveloped now that the new airport is in operation. Also, existing land use could see some improvements. Does it make sense to have a huge solar electricity park like this: https://mapy.cz/s/pohetunuzu https://mapy.cz/s/pohetunuzu in the middle of a city with a shortage of housing? That is 150 x 500 m piece of land where at least 5 thousand people could live comfortably even without a need for high-rises. (6 story houses or so). In a walking distance from an existing U-bahn station. (Not to mention the other factories around.) There is a discussion in Prague about moving some big shopping centers from the wider center to the outskirts and using the freed land for construction. But everything takes long in our state of bureaucracy.
- mastax 5y ago
  Vienna's population intensely declined after it was no longer the seat of a large empire, which gave the government an opportunity to buy up land for cheap. Vienna's population is still lower than it was in 1916, which explains why housing is relatively affordable there. It's not something easily replicable in other cities.

More supply on limited land. Which will be bought out by the same 5 real estate companies, just like everything else.

by bserge 5y ago

More supply on limited land. Which will be bought out by the same 5 real estate companies, just like everything else.

Even if you were right (and I don't think you are) about the same 5 real estate companies buying up all added supply, it wouldn't matter. Those 5 companies would still be subject to the forces of supply and demand. Increased supply with flat demand means falling prices. https://twitter.com/cw4emeryville/status/1438862784024891394 https://twitter.com/cw4emeryville/status/1438862784024891394

inglor_cz 5y ago

Remarkably, Austrian capital Vienna manages to keep a good municipal stock of affordable housing. But other cities failed to imitate Viennese methods. Also, Berlin has a lot of land that could be built upon. Land is not a scarce resource in that particular corner of Europe.

Sebb767 5y ago
Berlin itself is quite full (with the exception of the airport park, which is intentionally kept as a green area). There is a lot of cheap land available in Germany, especially in the countryside on the east, but near the city the situation is different.
- inglor_cz 5y ago
  Looking now at Berlin from the bird's perspective, Tegel airport could probably be redeveloped now that the new airport is in operation. Also, existing land use could see some improvements. Does it make sense to have a huge solar electricity park like this: https://mapy.cz/s/pohetunuzu https://mapy.cz/s/pohetunuzu in the middle of a city with a shortage of housing? That is 150 x 500 m piece of land where at least 5 thousand people could live comfortably even without a need for high-rises. (6 story houses or so). In a walking distance from an existing U-bahn station. (Not to mention the other factories around.) There is a discussion in Prague about moving some big shopping centers from the wider center to the outskirts and using the freed land for construction. But everything takes long in our state of bureaucracy.
mastax 5y ago
Vienna's population intensely declined after it was no longer the seat of a large empire, which gave the government an opportunity to buy up land for cheap. Vienna's population is still lower than it was in 1916, which explains why housing is relatively affordable there. It's not something easily replicable in other cities.