Re:We’d rather have the iceberg than the ship
by daddylongstroke on Monday July 26, 2021 @02:38PM
(#27963400)
Not sure where you're living, but here in central NC we've got a record number of huge apartment complexes being built left and right over the last 4-6 years. Cheap too. It's never been easier to live "somewhere denser".
This doesn't make sense to me. If single-family homes are what most people want, why would a developer bother to buy up land and build something denser if people don't want to live somewhere denser? That sounds like a dumb business decision.
Nearly the entire country is zoned for single-family housing. Someone who wants to live in a SFH has no shortage of options. Meanwhile, someone who wants to live somewhere denser has very few options; we've almost entirely banned building new ones, so what dense places do exist are mostly the ones built prior to modern zoning codes.
As a result, people who do want to live somewhere denser often aren't able to, despite the demand. The data backs this up: https://cityobservatory.org/the-myth-of-revealed-preference-...