9 ms·
It's restrictive zoning laws. Home and property owners have a zeal for politics unmatched when it comes to keeping values up. The movement away from cities had
by ryuker16 9y ago
It's restrictive zoning laws. Home and property owners have a zeal for politics unmatched when it comes to keeping values up.
The movement away from cities had a lot of reasons that have been solved(jobs came back, riots, red lining, less pollution, less crime) so I'd say the cultural shift was justified to return.
Commuting sucks too.
- lend000 9y agoHigh density zoning is only a short term solution, and it seems with current policy enactment speed, technology (and especially building regulations), demand will always outpace supply for the foreseeable future.
- ryuker16 9y agoNaw, take a look at nashville which was expanding insanely fast in population. Rent rose 25% in a low CoL city. They had a housing shortage for the past few years and removed a lot of restrictions. Recently they actually overbuilt despite a shortage of skilled construction workers. You can build hella fast when the demand is there and the government wants buildings fast. We're talking skyscrapers in 12-14 months.