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A comment on The hottest trend in U.S. cities? Changing zoning rules to allow more housing. Parent comment

Re:The hottest trend in U.S. cities? Changing zoning rules t... by lumost on Sunday February 18, 2024 @10:47AM (#39419995)
If the only places that get built are up-market. Then wherever they get built rents will rise… this makes it challenging to support blanket construction proposals unless you as an individual own, or can afford top-of-market rent.
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Re:The hottest trend in U.S. cities? Changing zoning rules t... by SamoyedFurFluff on Sunday February 18, 2024 @01:50PM (#39421846)
Then isn’t the solution still building more?? I’m so, so confused here!
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Re:The hottest trend in U.S. cities? Changing zoning rules t... by lumost on Sunday February 18, 2024 @03:59PM (#39423266)
Unfortunately, this is where micro and macro economics diverge.

If you take the position that housing will likely always be underbuilt and any new construction in your area will lead to higher rents. Then supporting construction just means higher rent a for you - without any benefit.

If we ever actually built enough, then as an individual you should be able to move to a better/cheaper apartment when new construction happens. This hasn't happened in the last 20+ years of urban development.

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