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Its because we have essentially banned building more housing in many cities. (Relative to the number of new jobs/housing needed, some housing does get built) An

Its because we have essentially banned building more housing in many cities. (Relative to the number of new jobs/housing needed, some housing does get built) Any project that makes it past the insane zoning requirements are attacked by locals for whatever reasons they can come up with to try and cancel the project. Complaints about foreign buyers and vacant homes do not make up for the massive supply shortfall.

jeffreygoesto 3y ago
Maybe it is also the slow but steady shift from rural to urban, because rural life is becoming less and less attractive? Otherwise there would not be such an influx and need for urban housing. Why is making life outside cities better not considered as alternative or additional measure?
vjk800 3y ago
What we usually see in cities all over the world is that increasing population density drives the house prices up, not down. For whatever reason, people like to live around other people. The more people already live in a city, the more other people want to move there, and this creates an upward pressure on housing prices.
- jpgvm 3y ago
  Which is meant to be balanced out by increased housing density like we see in Asian mega cities like Tokyo and Bangkok which have very affordable housing despite many many more people. By making it impractical or outright banning high density housing this is the situation you arrive at.
- daedrdev 3y ago
  I disagree. Cities are in a endless race to build more housing. They need to continue building housing to keep prices temporarily lower, a metaphorical treadmill as more people will always move into the city. If a city stop building housing, prices will go up for sure because demand continues to increase. Cities of course always have more demand, but that is their nature as economic and cultural hubs, we have no choice but to try and match this demand. Housing prices will not be low without building more housing, except your city has a specific reason that lowers demand, like lawlessness, economic ruin or some other disaster.

jeffreygoesto 3y ago

Maybe it is also the slow but steady shift from rural to urban, because rural life is becoming less and less attractive? Otherwise there would not be such an influx and need for urban housing. Why is making life outside cities better not considered as alternative or additional measure?

vjk800 3y ago

What we usually see in cities all over the world is that increasing population density drives the house prices up, not down. For whatever reason, people like to live around other people. The more people already live in a city, the more other people want to move there, and this creates an upward pressure on housing prices.

jpgvm 3y ago
Which is meant to be balanced out by increased housing density like we see in Asian mega cities like Tokyo and Bangkok which have very affordable housing despite many many more people. By making it impractical or outright banning high density housing this is the situation you arrive at.
daedrdev 3y ago
I disagree. Cities are in a endless race to build more housing. They need to continue building housing to keep prices temporarily lower, a metaphorical treadmill as more people will always move into the city. If a city stop building housing, prices will go up for sure because demand continues to increase. Cities of course always have more demand, but that is their nature as economic and cultural hubs, we have no choice but to try and match this demand. Housing prices will not be low without building more housing, except your city has a specific reason that lowers demand, like lawlessness, economic ruin or some other disaster.