Re:Things that are illegal to build in most American cities now
by vkou on Tuesday December 10, 2019 @07:22PM
(#21758281)
How much of the $700,000-$1,500,000 price of a 15-year-old house in a coastal city is due to all of these requirements adding up?
2%? 5%? It's not the reason why I was stepping around a homeless person sprawled in the middle of the sidewalk on my Monday commute.
The reason housing is unaffordable is the cost of land, availability of credit, and the self-fulfilling expectation that houses are a good investment that will grow in price.
2%? 5%? It's not the reason why I was stepping around a homeless person sprawled in the middle of the sidewalk on my Monday commute.
The reason housing is unaffordable is the cost of land, availability of credit, and the self-fulfilling expectation that houses are a good investment that will grow in price.