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A comment on U.S. house prices are rising exponentially faster than income. Parent comment

Re:U.S. house prices are rising exponentially faster than in... by lotsofpulp on Saturday October 30, 2021 @10:00AM (#29048816)
Good comment. Also, density of people makes a very big difference in quality of life. If you upzone the popular western US cities to fit everyone in the world that wanted to live there, it would inherently change the quality of life. Obviously, whether or not people that already own land there should have some type of priority on deciding who and how many people get to live there is a political problem probably as old as the human race.
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Re:U.S. house prices are rising exponentially faster than in... by seanmcdirmid on Saturday October 30, 2021 @12:47PM (#29050168)
Denser cities seem to be even more expensive than less dense cities (eg New York, Shanghai, Singapore, Tokyo, Hong Kong, Melbourne, etc…). So my guess is that denser cities already provide higher quality of life that people are bidding up.

Eventually the government can only intervene with middle class public housing (eg in Singapore and a lesser extent Hong Kong).

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Re:U.S. house prices are rising exponentially faster than in... by lotsofpulp on Saturday October 30, 2021 @01:29PM (#29050583)
It is more nuanced than simple denser cities are more expensive than less dense. Some parts and some dwellings of denser cities are more expensive, but it also depends on other available options for the population.
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Re:U.S. house prices are rising exponentially faster than in... by seanmcdirmid on Saturday October 30, 2021 @04:01PM (#29051871)
Ya, the slums of Manila and Mexico City are pretty affordable compared to the formal housing market. But I’m not sure that we s a good thing. Most developed countries also don’t allow for such places (anymore?).
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Re:U.S. house prices are rising exponentially faster than in... by throwaway6734 on Saturday October 30, 2021 @10:59AM (#29049285)
If they own their land they have a massive amount of control in regards to what gets done on that land
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Re:U.S. house prices are rising exponentially faster than in... by lotsofpulp on Saturday October 30, 2021 @11:30AM (#29049546)
Obviously. But they also have an interest in controlling how many people they run into on their trails and how long the lines are for the ski lifts at Tahoe.
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Re:U.S. house prices are rising exponentially faster than in... by throwaway6734 on Saturday October 30, 2021 @11:36AM (#29049598)
They have an interest in the same way that people that are trying to move there do
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Re:U.S. house prices are rising exponentially faster than in... by lotsofpulp on Saturday October 30, 2021 @12:05PM (#29049830)
Yes, which is why I said giving them political priority on distributing this limited resource is a very old political problem.
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