Re:Ever-increasing home values are a Ponzi scheme
by flukus on Monday June 21, 2021 @08:19PM
(#27586348)
> The only policy solution would be to strongly emphasize dense high-rise development.
We don't need more high rises, we need more medium density 3-6 story buildings, that gets you more density far cheaper than high rises. Melbourne in particular has a lot of areas that are still single family houses with good public transport walking distance from the CBD, unfortunatley NIMBY's across the full political spectrum don't want this increased density.
At the federal level they want high immigration, but at the local level they don't want immigrants to have anywhere to live in their suburb. Until local and federal policies align one way or the other housing prices will continue to increase.
We don't need more high rises, we need more medium density 3-6 story buildings, that gets you more density far cheaper than high rises. Melbourne in particular has a lot of areas that are still single family houses with good public transport walking distance from the CBD, unfortunatley NIMBY's across the full political spectrum don't want this increased density.
At the federal level they want high immigration, but at the local level they don't want immigrants to have anywhere to live in their suburb. Until local and federal policies align one way or the other housing prices will continue to increase.