3 ms·
Huh? Not sure I'm following. The $/sqft of housing tends to go up as density increases... for the same reason as the article is suggesting: incomes are higher,
by llamaimperative 2y ago
Huh? Not sure I'm following.
The $/sqft of housing tends to go up as density increases... for the same reason as the article is suggesting: incomes are higher, so people can eat higher prices.
- zamfi 2y ago> The $/sqft of housing tends to go up as density increases This is only true generally, not within a specific neighborhood, and it's because of correlations between demand and density. If you look at a neighborhood with mixed SFH and condos, the condo $/sqft is lower than the SFH $/sqft. (To be clear: that's $/sqft of housing space not of land). Having a diversity of density enables home pricing at different points. Looking only at SFH (as this article does) is missing the forest for the trees, IMO.