| > Housing is a basic human need like food and clothing. Yes, food, but I don't see many arguments for bringing down the price of caviar. IOW, making an argument against high property prices in highly desirable areas is not the same as making an argument for low cost housing. It doesn't really matter how dense you make housing in highly desirable areas, there'll always be more people who want to live there than houses available. The solution is more remote working and much faster public transport. Tax breaks on businesses for each remote worker will be cheaper than building more slums, it will be quicker (demand is affected almost immediately) and it needs no political campaigning against the local NIMBY residents. Instead of trying to guilt trip people about the paper value increase in their property, just remove that paper value increase altogether. (I'm not sure how you would solve the slow public transportation problem. Where I am we have 160km/hour trains, but the door-to-door travel time using these trains to travel 20km is still about twice the time it takes to drive) |
A land area with a 40 mile radius and the population density of Manhattan would contain the entire population of the United States.
> Instead of trying to guilt trip people about the paper value increase in their property, just remove that paper value increase altogether.
The only way to do this is to build more housing. You can't fix it with mass transit because the existing housing is low density and mass transit requires high density.