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> I spent time in Bangkok and Shanghai and why does it seem really easy to rent a centrally located place in a quality tall building, as if it's just normal, an
by ryukafalz 5y ago
> I spent time in Bangkok and Shanghai and why does it seem really easy to rent a centrally located place in a quality tall building, as if it's just normal, and without a prices that seems insanely disproportionate to other life expenses? Yet in the US, it's very rare. There's not enough demand? Labor costs are too high? Laws like building hight limits in the US prevent it?
There aren’t enough of them because in huge swaths of the country it’s illegal to build anything denser than a single-family home. There’s plenty of demand for it, there’s just not enough supply.
Doesn’t even have to be high-rises, in most places it’s illegal to build the sort of mid-rises that are everywhere in European cities.
EDIT: Oh, and it’s also usually illegal to put a business in a residential area, which forces things further apart and forces people to drive to get to anything.