3 ms·
> It's amazing to me how resistant people are to the idea that housing is expensive because there aren't enough homes for people to live in. I have to wonder i
by jjav 5y ago
> It's amazing to me how resistant people are to the idea that housing is expensive because there aren't enough homes for people to live in.
I have to wonder if it is ever possible to build enough in the places everyone wants to live for it to become cheap?
Manhattan is extremely dense and yet, incredible expensive. More expensive than nearly every less-dense area. So density isn't helping drive cost down.
- chaostheory 5y agoIsn't this only possible with Alberta due to all the extra near flat land available? It reminds me of Texas.
- jackcosgrove 5y agoAs late as the mid-90s the vast majority of American cities had a median house price to income ratio of 3. California was 3.5-4 and New York was 5 iirc. A lot of factors converged to upend this, but within living memory housing markets were affordable. Whether everyone lived "where they wanted to" is unknowable.