7 ms·
In cities that have removed massive zoning barriers, like Minneapolis, housing prices have massivley improved in just a few years. As it turns out, we live in a
by daedrdev 3y ago
In cities that have removed massive zoning barriers, like Minneapolis, housing prices have massivley improved in just a few years. As it turns out, we live in a dynamic economy that can scale up production when it becomes profitable, espically when you consider that its easier to build a multi unit housing block on one piece of land than the same number of housing units in several pieces.
Additionally, we know that though all new housing is marketed as luxgury, studies have shown that still improves the housing market for the less well of as prospective buyers wont take the more run down units ahead of them. I woukd say that allowing housing prcies to continue to increase is clearlu much worse for the poor anyway.
Overall, I completely disagree with your argument, as you argue that we shouldn't try and induce more housing because it is difficult? Like why is that even a reason to not build hosting given private developers will pay for it anyway.
- nemo44x 3y agoI’m not saying don’t try. But that it’s well more difficult than just changing certain zoning laws. In small pockets it’s easy but not at any kind of scale that makes a difference.
- daedrdev 3y agoIm arguing that we have seen it work at a large scale, like in Minneapolis or Japan. Its the zoning that prevents the housing from being build that there is demand for.
- nemo44x 3y agoMLPS isn’t anywhere near scale and has seen a population reduction as people move to the suburbs. Japan is a completely different thing.
- bombcar 3y agoPrices in the suburbs around MPLS have skyrocketed. It’s quite possible that the affordability is attributed wrongly; though in general less restrictive zoning is going to be good.
- coderenegade 3y agoJapan's inflation has hovered around zero for the last 30 years, and wages have stayed similarly stagnant. They do a good job of building out new housing even as places like Tokyo and Osaka continue growing, but it's not the only factor.