3 ms·
if this is true won't market forces attract more builders? If there is no promise of a healthy profit (and with growing material prices worldwide you can't keep
by democracy 3y ago
if this is true won't market forces attract more builders? If there is no promise of a healthy profit (and with growing material prices worldwide you can't keep property prices flat) - there won't be a lot of construction? If anything you need to address construction materials shortage/supply issues.
- karlshea 3y agoYou can only build what the zoning allows, and that's what the issue is with SFH owners in big cities and how they vote. Many of them don't want to allow denser development in order to keep those market forces in their favor by keeping housing pricing high. As soon as zoning here in Minneapolis was changed to allow for denser housing city-wide a lot of smaller multi-family units started construction almost immediately.