>So even if you build multi-family dwellings, the crisis isn’t resolved because the cost of construction, maintenance, and property taxes are out of reach. Unless it is subsidized. The UK is evidence of this. Almost all their housing is multi-family and dense and unit size is small even by European standards. But it’s expensive still. And they keep building.
No, this is totally, completely wrong, the housing crisis here is not because of materials or labour costs. It is a policy failure: a sluggish, capricious planning system, entrenched NIMBYism and politicians that cave to it, massive legal restrictions on supply, and subsidies to demand. We aren't building enough, there is a massive shortfall in housing supply.
See this thread: https://nitter.net/AntBreach/status/1121362679367598080
So even if you build multi-family dwellings, the crisis isn’t resolved because the cost of construction, maintenance, and property taxes are out of reach. Unless it is subsidized. The UK is evidence of this. Almost all their housing is multi-family and dense and unit size is small even by European standards. But it’s expensive still. And they keep building.
Japan is a good example of a place where there isn’t a housing crisis and it’s because homes are mainly disposable and very small.