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> The only solution I can possibly see is moving more people from single family houses in to apartment buildings which allows virtually infinite supply within c
by qwerty456127 5y ago
> The only solution I can possibly see is moving more people from single family houses in to apartment buildings which allows virtually infinite supply within close range to jobs
This is convenient in a lot of ways (e.g. apartment-first cities have better public transport and less segregation) but doesn't really solve this particular problem. The apartments still are very expensive and the prices grow rapidly. Again nobody except rich entrepreneurs can afford buying them without a mortgage and the rent still is everyone's single biggest expense. I even suspect even Hongkongers living in "cage homes" still spend the most of their income on these.
- SilverRed 5y agoApartments are still expensive but they are affordable. The average person could realistically buy one while house/land prices are rising much faster than savings so if you aren't already able to buy, you become further and further behind. The HK problem seems to be that they are so overpopulated that even apartments have run out of space. Most of the world does not have this problem and will never have this problem because the enviornment would collapse before the population of Australia or the US fills apartments on every block of land available.