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Depends on what you mean by Full. Here is Los Angeles the downtown core is completely built. You'd need to tear down existing structures and purchase the land t
by vondur 2y ago
Depends on what you mean by Full. Here is Los Angeles the downtown core is completely built. You'd need to tear down existing structures and purchase the land to do so.
- BenFranklin100 2y agoLA is one of the most underdeveloped cities in the US. It is ripe for much denser housing in its urban core.
- vondur 2y agoAs stated, you'd need to purchase the expensive land and then turn it into housing. This is done in Los Angeles, but the property that is built isn't cheap affordable housing.
- jonfromsf 2y agoHe didn't say it would be cheap affordable housing. He said it "will relieve price pressure on existing, overpriced older housing". Which makes sense. Normally new buildings are the luxury housing and over time, as they become outdated, they become the affordable housing. Building new "affordable housing" is a fools errand, since it costs almost as much to build as luxury housing. You just build more housing period and let nature take its course over the decades.
- BenFranklin100 2y agoYep. And don’t we have to wait for the new expensive housing to trickle down and become cheap. If enough new housing is built, the older housing becomes cheaper almost immediately.
- colonwqbang 2y agoAbout 23% of downtown Los Angeles is parking lots. https://nextcity.org/urbanist-news/how-much-of-your-city-is-parking-lots https://nextcity.org/urbanist-news/how-much-of-your-city-is-...