Re:The Great Decentralization? Geographic shifts and where t...
by coenhyde on Monday June 13, 2022 @03:52PM
(#31730861)
How do you think NYC supports the population it does? Manhattan is not filled single dwelling houses, but at one time it was. It was much easier to build in NYC in the past than now. If they applied the same zoning restrictions then as SF does now, it never would have become the city that it is today.
What I'm really talking about what I say "geographically constrained" is the elasticity of housing supply. Cities like Seattle, SF and NYC have less elastic housing supply in part because of their current land utilization and geographic constraints hemming in new development. That's a pretty well understood phenomenon.