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> You’re forcing private businesses to take on contracts that they may not want. Totally unreasonable. Regardless of how you feel about this, it can and does h

> You’re forcing private businesses to take on contracts that they may not want. Totally unreasonable. Regardless of how you feel about this, it can and does happen all the time. New residential highrises in Manhattan don't get approved unless they have a percentage of low-income units.

zbrozek 4y ago
Indeed it happens all the time, especially in the NIMBYest of places (e.g., CA and NY). The results speak for themselves. Are new residential high-rises getting built in Manhattan at a rate which is commensurate with demand and keeping prices stable? According to Redfin[0], housing prices there are up 12.9% YoY, exceeding general inflation and showing that the rate of construction is too low. In CA, we've added additional burdens onto affordable housing which makes them more expensive than market rate housing. A report from UC Berkeley[1] says that regulatory constraints make 'affordable' units 7% more expensive to build than market-rate units. And of course CA has also made market-rate units more expensive to construct, further exacerbating the crisis[2]. This is unsustainable. On our current trajectory we will either needlessly sprawl our way into occupying all unincorporated land (because there's no Planning Department) in the entire country or we'll have tens of millions of people living in tents and camper vans. [0] - https://www.redfin.com/city/35948/NY/Manhattan/housing-market https://www.redfin.com/city/35948/NY/Manhattan/housing-marke... [1] - https://ternercenter.berkeley.edu/research-and-policy/the-cost-of-building-housing-series/ https://ternercenter.berkeley.edu/research-and-policy/the-co... [2] - https://www.builderonline.com/land/local-markets/californias-homes-cost-500-000-more-to-build-than-identical-homes-in-texas_c https://www.builderonline.com/land/local-markets/californias...
nemo44x 4y ago
I said that’s the better option in my comment. Then you aren’t forcing anything. Just adding levels to the project. But forcing other developments is the issue.

zbrozek 4y ago

Indeed it happens all the time, especially in the NIMBYest of places (e.g., CA and NY). The results speak for themselves. Are new residential high-rises getting built in Manhattan at a rate which is commensurate with demand and keeping prices stable? According to Redfin[0], housing prices there are up 12.9% YoY, exceeding general inflation and showing that the rate of construction is too low. In CA, we've added additional burdens onto affordable housing which makes them more expensive than market rate housing. A report from UC Berkeley[1] says that regulatory constraints make 'affordable' units 7% more expensive to build than market-rate units. And of course CA has also made market-rate units more expensive to construct, further exacerbating the crisis[2]. This is unsustainable. On our current trajectory we will either needlessly sprawl our way into occupying all unincorporated land (because there's no Planning Department) in the entire country or we'll have tens of millions of people living in tents and camper vans. [0] - https://www.redfin.com/city/35948/NY/Manhattan/housing-market https://www.redfin.com/city/35948/NY/Manhattan/housing-marke... [1] - https://ternercenter.berkeley.edu/research-and-policy/the-cost-of-building-housing-series/ https://ternercenter.berkeley.edu/research-and-policy/the-co... [2] - https://www.builderonline.com/land/local-markets/californias-homes-cost-500-000-more-to-build-than-identical-homes-in-texas_c https://www.builderonline.com/land/local-markets/californias...

nemo44x 4y ago

I said that’s the better option in my comment. Then you aren’t forcing anything. Just adding levels to the project. But forcing other developments is the issue.