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Worth noting is that single family zoning in many places also prevents people from having houses as well. Small starter homes are basically illegal in many subu
by eapressoandcats 4y ago
Worth noting is that single family zoning in many places also prevents people from having houses as well. Small starter homes are basically illegal in many suburbs due to high minimum lot sizes and low FAR rating. I think that is frankly an issue that is underrated by most urbanists.
- xyzelement 4y agoMaybe. But I think there are plenty of levers on that as well. Example: 2 years ago we bought a house on Long Island, near NYC. If we were willing to live 30 minutes further east, the same house would cost half. If we were willing to live in a few nice part of Cleveland, the same house would go down by half again. And if we wanted to live right outside of Cleveland, it'd drop by half again. Point being that things can get VERY affordable if you are willing to be creative and flexible with location. Which is easier now than ever with WFH. I also think boomers will start moving out soon and there'll be plenty inventory. Housing will be fine.
- ianburrell 4y agoWould you have bought condo for half the price in nicer location? Would you have bought a smaller house or condo for less money? The problem now is that we don’t give people the choice when only single family homes are allowed. Some people like apartments. Some people prefer location and would take whatever gets them there. Some people just need the cheapest housing.