Tldr; there’s a housing shortage because… there are not enough houses being built
and they’re too lucrative to make them affordable.
“Could they build it? Yes. Will they build it? No,” Gardner said, citing steep construction costs”
Aaaand let’s wrap this up, that’s all she wrote
More like citing lower than 45°+ angle profits.
I’m the only person on my street actually in favor of the proposed multi-use housing/shopping complex a developer wants to build a block over from us. I can’t change the minds of all these old people. I’m pretty sure we’re just fucked until they all move out or pass on.
I heard some pushback on a plan for a mixed use development in an abandoned office park. The person had zero to do with the property, lived in a completely different area. But didn’t want it because “traffic”. Like pushing those potential residents to live further away was somehow more beneficial for traffic than putting them close to it.
We can just start our own municipalities somewhere. Where is the biggest question
With blackjack and hookers!
Why are you in favor of it? They wanted to build one near me, and I think it would bring more people and more traffic into an otherwise quiet neighborhood. I think it would also take away part of the exclusivity of the neighborhood, and lower property values (or otherwise make them grow more slowly)
Multi use land developments increase property values, and I would love to have some shops that I can walk to. Fuck suburbs. Fuck excluding people. I want housing density and actually walkable neighborhoods. YIMBY. Thanks.
https://www.bloomberg.com/news/articles/2022-05-02/does-affordable-housing-lower-property-values
I’m all for building new homes, but just posting data from Hines is pretty lazy journalism.
Planet Money had a good episode going into three of the reasons (boomers aging in place, zoning laws, and losing people/expertise in home building industries) https://www.npr.org/2021/07/30/1022827659/three-reasons-for-the-housing-shortage#:~:text=Today on the show%2C we,know how to build houses.
The problem is insufficient negative consequences for housing hoarders due to state protection.
Data: Hines analysis of Census Bureau and Moody’s data; Note: Population demand is a theoretical housing demand metric based on long-term household formation and homeownership rates by age cohort; Chart: Axios Visuals
very scientific
If it’s a common method used and has shown to be accurate then being consistent in your metric outweighs some flaws.
I don’t like artificial metrics constructed from other metrics without any explanation.
Your lack of knowledge on a subject doesn’t mean it isn’t adequately explained elsewhere to the extent that it is rudimentary for most people.
