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Completely unnecessary. With prices that high developers are very happy to construct things. All that's necessary is for the government to get out of the way.
by ars 2y ago
Completely unnecessary. With prices that high developers are very happy to construct things.
All that's necessary is for the government to get out of the way. i.e. dramatically reduce zoning and permitting requirements.
- supportengineer 2y agoHomebuyers and developers want construction. Governments and NIMBY's don't want it.
- fragmede 2y agobut they're not. They're building luxury condos because they pay out the most and they need to do that because the cost of construction is so high. if the cost of construction was lower, then it would be affordable to do non-luxury non-condo construction.
- ars 2y agoIf that's even true it's only because they are so limited in what they can build. Remember there's a limit to how many of those can be sold. Once you've sold them all they'll build sometime else But only if the government lets.