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I dislike these sensationalist headlines, but the housing one irks me the most. PE didn't make housing expensive, your neighbors, grandma and grandpa did by re
by osiris970 9mo ago
I dislike these sensationalist headlines, but the housing one irks me the most.
PE didn't make housing expensive, your neighbors, grandma and grandpa did by restricting new construction. In cities dumb policy like the rent control did.
Stop blaming Boogeymen and actually look into issues.
The ram thing is unfortunate, but i don't really see a solution to it, for now.
46k up votes for this shit, Jesus Christ everyone's insane these days man
- biophysboy 9mo agoAnd along with permitting/zoning BS, there is also many other headwinds for real estate: high aggregate income, land scarcity, automation challenges (no prefab houses), and high labor costs.
- osiris970 9mo agoIs land scarcity really an issue? Genuinely asking, cause curious
- biophysboy 9mo agoIn the places people want to live, yeah. It would be great if Manhattan were twice as wide, for example. There is the artificial scarcity from the zoning stuff, but then there is also just the geographic boundaries and human preferences for the "cool part of town".
- osiris970 9mo agoCouldn't we just build higher?
- biophysboy 9mo agoAbsolutely you can, and we should! not saying manhattan is maxed out
- doom2 9mo agoManhattan already builds higher. It just so happens that that new real estate is being sold as multi-million dollar condos instead of affordable housing (for certain definitions of "affordable")
- osiris970 9mo agoThat's fine. Affordable housing depresses building and raises rent
- biophysboy 9mo agoYou could make the case that some of the luxury condos (e.g. the skinny buildings by central park) are not dense enough. It only has 60 condos and its 84 stories. Its kind of analogous to the McMansion issue in suburbs. I agree w/ your point broadly though.