Re:Plans for a new city in the American desert
by postingawayonhn on Monday September 06, 2021 @11:37PM
(#28440670)
I don't think that's necessarily true.
Raw cost of housing is essentially the cost of the land + the cost of the building.
In established cites the cost of land is high and developers tend to build expensive buildings on that land. Low-income workers than move to older buildings as they're cheaper (expensive land, cheap building).
In a new greenfield city the land will be very cheap (for whoever established the city) so that can keep the cost of housing down (cheap land, expensive building).
Raw cost of housing is essentially the cost of the land + the cost of the building.
In established cites the cost of land is high and developers tend to build expensive buildings on that land. Low-income workers than move to older buildings as they're cheaper (expensive land, cheap building).
In a new greenfield city the land will be very cheap (for whoever established the city) so that can keep the cost of housing down (cheap land, expensive building).