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If this were the case, we'd see it in the zoning with a lot of parcels being underbuilt for what they are zoned for, since low density is preferred over high de
by asdff 4y ago
If this were the case, we'd see it in the zoning with a lot of parcels being underbuilt for what they are zoned for, since low density is preferred over high density. Instead, the city is developed to upwards of 90% of its zoned capacity. Its gotten to the point where no more units can be built, the zoning has to change in order to make it possible to permit more units. The high prices are all because the job growth in the area has outpaced new housing unit construction, which cannot accelerate to meet demand for housing by labor due to present day zoning.
https://la.curbed.com/2015/4/8/9972362/everything-wrong-with-los-angeles-housing-in-one-graph https://la.curbed.com/2015/4/8/9972362/everything-wrong-with...
- twblalock 4y agoDepends on where you are. I know of places near Sacramento where new suburban subdivisions are being built every year.
- asdff 4y agoHow are they zoned? Probably for suburban subdivisions and not for highrises. You can find new suburban subdivisions in LA too if you go all the way out into san bernardino or riverside county, and in those cases too its because these areas recently changed zoning from agriculture to low density residential development, and builders are building to the limits of what the land is zoned for. Apartments are so popular that developers often try to get variances to zoning for their projects, to add even more units than what the lot is zoned for. If there wasn't demand for that a developer would not bother.