4 ms·
and why is the rent so high? because land costs are too high (this can be addressed, simply open up more land to be developed until the price drops to near zer
by sleton38234234 4y ago
and why is the rent so high? because land costs are too high (this can be addressed, simply open up more land to be developed until the price drops to near zero). as for building costs? these can come down too, with the right regulations/ and lack thereof, we can make it legal for lower cost options to arise.
- babypuncher 4y agoJust opening up more land for development is not an easy solution. Environmental problems aside, America's car culture is rather incompatible with this solution. Endless suburban expansion is what lead to the enormous traffic problems currently being faced in Los Angeles and Houston. My home state is well on its way to having this same unsolvable problem by the end of the decade.
- deleted 4y ago[deleted]
- imtringued 4y agoIf land is too cheap it will be bought and fenced off for speculative purposes. You must force people to actually use the land you have given them. An empty lot barely pays any property tax because there is no property on it.