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by erikpukinskis
3866 days ago
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The article addressed this. It said estimates are that 100,000+ units are required just to stop the inflation. So the solution is simple: zone for way more than that. Offer financing. The ability to construct for a new high density zoning change is a huge advantage in the market. City-financed developments will start eating the margins on the places people are living in now. With enough density, the cost of new housing can start to approach the cost of construction. There's no market reason why the floor should be where it is. It's just artificial scarcity to benefit property owners. |
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