[ARandumGuy]

This is mostly due to supply and demand. Disregarding market forces, low density housing is some of the most expensive out there. This is due to higher per-unit construction, utility, transportation, and infrastructure costs.

Unfortunately, low density construction is the default in the USA. High density housing gets bogged down in reviews and permitting, and medium density housing is effectively illegal in most cities in the country.

If we had actually been building medium and high density housing over the past century, the housing problems we're experiencing today wouldn't be nearly as bad. But that housing is sadly rare, and we now have to play catch-up.

[riversflow]

Do you have a citation for this? My intuition is that the construction of low density track housing would have far less regulatory burden than high density housing. It also has a (more) robust labor force in the US especially compared with high density construction, a framing carpenter does not a steel fitter make.

> High density housing gets bogged down in reviews and permitting,

Yes, because it's more high stakes and should be subject to a greater level of scrutiny than a 1-2 story single family dwelling. Check out the Millennium tower debacle or that apartment building that collapsed in Florida if you think otherwise.

[ARandumGuy]

> Do you have a citation for this?

I don't have a citation for construction costs, and I will concede that there are many factors that may make some low density developments cheaper per unit then some higher density development.

However, construction is only part of the picture. Low density development imposes terrible financial costs for cities that contain them. That's because the taxable value per square mile is much lower, but infrastructure (sewer, roads, etc) has the same per-mile maintenance and replacement costs. The infrastructure maintenance costs in many low density developments is often greater then the amount of tax revenue the development generates.

For more information on the hidden costs of low density development, I can't recommend this video [1] by Not Just Bikes enough.

[1] https://youtu.be/7IsMeKl-Sv0

[riversflow]

> has the same per-mile maintenance and replacement costs.

No it doesn't, the cost to tear up a street in a high density area is much higher than it is in a low density area, especially if we are looking at hidden economic costs.

[falcolas]

The problem is that the supply/demand argument is that the demand largely isn't from people, it's from investment firms. And investment firms don't give two hoots about neighborhoods, density, cars, or anything other than the property's value appreciating over time (which it will, since we can't (without spending gobs of money) create more land).

Also, my personal opinion: I never want to live in a dense, or even semi-dense population center again. Living in a single family detached home with a small yard is fantastic. I can use speakers.

[closeparen]

Condos are much worse speculation vehicles compared to houses, since most of what you own is (depreciating) structure compared to (appreciating) land. To the extent that you want housing for people vs. speculators, you want multifamily.