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You've skipped over the criticism. Put a billion houses on Jupiter, and their value will be zero, while new york remains expensive
by 8note 4y ago
You've skipped over the criticism.
Put a billion houses on Jupiter, and their value will be zero, while new york remains expensive
- arcticbull 4y agoBut if you put a billion houses on Manhattan their value will be zero. There's almost an unlimited amount you can build up. The problem is we're currently putting houses on Jupiter instead of Manhattan through arbitrary restrictions on density. There's single-family zoning in San Francisco! 94% of San Jose. 15% of NYC (25% if you include single and two-family zoning). It's wild. [1] And that's if you can even get the city to approve your development regardless of zoning, parking minimums, etc. [1] https://www.nytimes.com/interactive/2019/06/18/upshot/cities-across-america-question-single-family-zoning.html https://www.nytimes.com/interactive/2019/06/18/upshot/cities...
- lazide 4y agoIf you put a billion houses on Manhattan, MOST of those billion houses would be worth nothing, and the ones where people wanted to be (which is probably not Manhattan if a billion houses were blocking out the light - but I digress) would still be expensive.