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It's pretty trivial actually. You can'y just build 50 apartments and call it a day. You have to build way, way, way more housing. Is the scale of it complicate
by zemvpferreira 2y ago
It's pretty trivial actually. You can'y just build 50 apartments and call it a day. You have to build way, way, way more housing.
Is the scale of it complicated? Absolutely. But the solution itself is simple. Double the size of the city. Triple the size of the city. 10x the size of the city. Shenzhen can show you how it's done.
- janalsncm 2y agoShenzhen has some of the most expensive housing in China if not the world. Also, I agree more housing is necessary. But building more housing also risks induced demand. Cheaper houses encourages people to move to buy them. Therefore, we probably would need to also restrict demand, either with a hard limit (max properties you can own) or more likely with a soft limit (2nd property is taxed 2x, 3rd is taxed 3x etc).