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by ryuker16 3150 days ago
It's restrictive zoning laws. Home and property owners have a zeal for politics unmatched when it comes to keeping values up.

The movement away from cities had a lot of reasons that have been solved(jobs came back, riots, red lining, less pollution, less crime) so I'd say the cultural shift was justified to return.

Commuting sucks too.

1 comments

High density zoning is only a short term solution, and it seems with current policy enactment speed, technology (and especially building regulations), demand will always outpace supply for the foreseeable future.
Naw, take a look at nashville which was expanding insanely fast in population. Rent rose 25% in a low CoL city.

They had a housing shortage for the past few years and removed a lot of restrictions. Recently they actually overbuilt despite a shortage of skilled construction workers.

You can build hella fast when the demand is there and the government wants buildings fast. We're talking skyscrapers in 12-14 months.