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My point is that increase in supply alone doesn't automatically lead to less domination. For instance increasing the supply of high quality affordable housing
by makeitdouble 5y ago
My point is that increase in supply alone doesn't automatically lead to less domination.
For instance increasing the supply of high quality affordable housing by 2% in a place where there is high demand might not mean 2% more people will get the houses at a good price. It can mean instead that investors buy 2% more houses in that area to rent it at a price aligned with the market value.
Wouldn't it be ok then if the increase was 5 or 10 or 50% of high quality housing ? Sure...but have we ever seen this level of increase result in actual well designed and livable areas ? I've personally only seen mild ghettos and weird super structures, and not all by skimping on the budget, but also because it's just damn hard to create a flourishing living environment from nothing.
- deleted 5y ago[deleted]
- boondaburrah 5y agoI mean that's a weird way to describe Tokyo but it does work. Your last point still stands though & I'm not sure where the tipping point is.
- makeitdouble 5y agoDoes Tokyo have much affordable housing ? It's a very special situation on its own, but buying a house will usually get you into the 30+ years mortgage plans, and old buildings are earthquake hazards so I wouldn't call them high quality. Rents haven't much fallen even as inflation grew, and cheap places like Leopalaces are a hell to live in. All in all it looks to me to be a hard to live town if you're not in a decently good paying job.