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Affordability is relative, a condo unit can still be more affordable than a SFH sitting on the exact same lot. It makes sense to have a range of options rather
by zozbot234 3y ago
Affordability is relative, a condo unit can still be more affordable than a SFH sitting on the exact same lot. It makes sense to have a range of options rather than force everyone to pick either the lowest (rented flat) or most exclusive (single-family dwelling) quality of housing.
- kbolino 3y agoYeah, I think you're getting at the other big reason for zoning inflexibility: property value. High asset prices and a dearth of other reliable ways to grow wealth have caused many to prioritize the sticker prices of their houses over the livability of their neighborhoods.