| ▲ | scottious a day ago | |||||||
again, higher costs != shortage. It just means "desirable" Just build more of the thing that people want! | ||||||||
| ▲ | cyberax a day ago | parent [-] | |||||||
> Just build more of the thing that people want! And how do you build more land for single-family houses? Around 80% of people in the US would prefer to live in a SFH. But even putting that quip aside, you physically can't keep up with the demand. Large cities physically can't grow fast enough to keep up with the demand. A typical apartment unit now requires about 2 work-years of labor to build. So if you're growing your city by 5% a year, then 10% of the city will be apartment construction workers! And then you'll need to keep upgrading the infrastructure, and this is usually exorbitantly expensive. To give some perspective: one mile of Manhattan subway now costs as much as 1500 miles of modern 6-lane freeway. | ||||||||
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