3 ms·
> Have you ever noticed that fancy new condos or rich people's houses are able to be built It's basic economics: the more regulatory hurdles (red tape, approva
by gottorf 3y ago
> Have you ever noticed that fancy new condos or rich people's houses are able to be built
It's basic economics: the more regulatory hurdles (red tape, approvals, permits, etc.) a construction project has to overcome, the more expensive it becomes, to the degree that the only projects that are economically viable are things like luxury condos.
Several of the Southern states rank very highly in land-use freedom[0]; that is, the freedom of the owner of a parcel of land to do what they please with it, including building higher-density housing. House prices and rents are reasonable in those states.
[0]: https://www.freedominthe50states.org/land https://www.freedominthe50states.org/land
- seanmcdirmid 3y ago> House prices and rents are reasonable in those states. If you exclude the Seattle Area, housing prices are reasonable in Washington state. If you exclude Austin and parts of Dallas, housing prices are reasonable in Texas. Turns out supply and demand drives most price movements: more desirable places to live will be more expensive (compare Austin to Houston, for example).