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by halpert
1635 days ago
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I've looked into moving to Japan. My family has a house in Setagaya, which had severely distorted what I thought Tokyo living to be. It turns out, a typical one bedroom apartment is like 20 sq meters. Separate from that, I don't believe zoning has anything to do with housing shortages. Housing has "induced demand" similar to traffic. You can look at heavy traffic over a bridge and think, "if only we had another bridge, that would alleviate the traffic." But it turns out, when you do that, more people end up using both bridges and traffic becomes as bad as it was before. Housing is similar. If you build more houses, even more people want them. Look at places like NYC, which has extremely dense housing. It's still expensive. |
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With regard to NYC, even though it has added around 250-300K housing units over the past fifteen years or so, it has added around three times that in jobs. If housing supply isn't increasing in line with people, you will see increases in prices.
Some links:
- https://www.planetizen.com/news/2019/06/104783-doubt-cast-in...
- https://www.youtube.com/watch?v=c7FB_xI-U6w
- https://furmancenter.org/thestoop/entry/supply-skepticism-ho...
- https://furmancenter.org/files/sotc/SOC_2017_FOCUS_Changes_i... (the key quote here being: "In 2016, NYC had 8.2 percent more housing units, 11 percent more adults, and 16.5 percent more jobs than it did in 2000.")