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The problem is insufficient negative consequences for housing hoarders due to state protection.
“Could they build it? Yes. Will they build it? No,” Gardner said, citing steep construction costs”
Aaaand let’s wrap this up, that’s all she wrote
More like citing lower than 45°+ angle profits.
Data: Hines analysis of Census Bureau and Moody’s data; Note: Population demand is a theoretical housing demand metric based on long-term household formation and homeownership rates by age cohort; Chart: Axios Visuals
very scientific
If it’s a common method used and has shown to be accurate then being consistent in your metric outweighs some flaws.
I don’t like artificial metrics constructed from other metrics without any explanation.
Also all the vacant housing. But mentioning that might make some real estate owners nervous.
Tldr; there’s a housing shortage because… there are not enough houses being built
I’m the only person on my street actually in favor of the proposed multi-use housing/shopping complex a developer wants to build a block over from us. I can’t change the minds of all these old people. I’m pretty sure we’re just fucked until they all move out or pass on.
In fairness to your neighbours, it’s probably hard to be on board when all they probably foresee is increased traffic and reduced property values.
Mixed land use developments increase property values. My neighbors believe urban myths and lies, so I’m not particularly inclined to be any more fair to them than I would be to someone who believes that vaccines cause autism.
https://www.bloomberg.com/news/articles/2022-05-02/does-affordable-housing-lower-property-values
I own a house here too, ya know. I don’t share their misguided concerns. Yes there will be traffic. I believe we have reasonable options to mitigate that.
But it looks like the rich, old NIMBYs are going to win this fight, and keep people locked out as always.
Oh for sure, they’re mostly misguided, but not usually malicious. When housing is such a big investment people tend to behave very conservatively which means it’s lots of work to shift the needle…
I’m pretty sure we’re just fucked until they all move out or pass on.
Most young people that support multi-use housing today will stop supporting it by the time they retire. It’s not the today’s old people that are against everything, it’s all old people. The next generation will not be different.
Lol, I’m not young. I’m pushing 50.
I heard some pushback on a plan for a mixed use development in an abandoned office park. The person had zero to do with the property, lived in a completely different area. But didn’t want it because “traffic”. Like pushing those potential residents to live further away was somehow more beneficial for traffic than putting them close to it.
