3 ms·

Fair point

• mixmastamyk 2y ago
  Yes, as long as there’s a shortage of housing no one is going to build “utility” (read low-profit) housing when you could build high-profit “luxury” housing. Imagine you have a development company that is restricted to building one building a year instead of five—what would you build? The kind that makes you money. People forget each project is risky for the builder. Even mid-profit is selected against in an intense shortage.
  • steveBK123 2y ago
    Right so the core of the problem is not enough new development, a lot of which is nimbyism.