3 ms·
> Build housing. Build too much of it, to the point where it’s hard to sell Why would someone build too much housing that makes it hard to sell? Government inc
by t-writescode 5y ago
> Build housing. Build too much of it, to the point where it’s hard to sell
Why would someone build too much housing that makes it hard to sell? Government incentives? (I agree with the want, I don't know how the free market would do it on its own without incentive, when there's already lots of incentive to have not-enough-housing.)
- lwansbrough 5y agoThey won’t. However, it will get built as long as there’s a profit to be made. And it’s more profitable to build a 2/3/4/5/6-plex on a single lot than an single family unit. It’s just not legal in most places. Make it legal and the development will come. Every house replaced with a 6-plex is an excellent increase in density. The government can even optionally add a land value capture requirement to one or more of the units to make it permanently affordable to low income workers.