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by missedthecue 1681 days ago
This is the skyline of the Bay Area.

https://cdn.vox-cdn.com/thumbor/q4QVkPZrTO8_USbDEe6nPfz8w8c=...

This is the skyline of Hong Kong.

https://images.squarespace-cdn.com/content/v1/59f3777b64b05f...

Hong Kong has cheaper housing while also have 10x as many residents. Same goes for places like Tokyo, Singapore, and Shenzhen. No, you can't create more land, but you can create more housing.

2 comments

That Bay Area skyline picture is bullshit. A photo covering a small part of SF, that you can only take from one angle.

Here is another one: https://www.lavocedinewyork.com/wp-content/uploads/2021/11/s...

That's the business district, not the residential district. Corporations generally don't lobby against another skyscraper going up next door like "concerned citizens" do.

Moreover, you will find no part of Hong Kong that looks like the photo of SF which I shared.

That ‘business district’ as you call it, has many large residential towers.
The argument that that the only reason shenzen housing is cheaper than SF is density is absurd on its face.

If your argument is that we can increase SFs population by 10% to maybe get a 30% reduction in average home price, then I agree. But that doesn’t change affordability.

That's why I used more examples than only Shenzhen.
The same logic applies. Manhattan is only 10% cheaper and yet is 4x denser. Clearly density doesn’t solve the cost problem.