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It sounds like it would be miserable for you, a preference you are entitled to, of course. At the same time, many, many people love it. In NYC alone millions of people pay astronomical rents and mortgages for the privilege of living in tiny spaces in close quarters, no yards, etc. They have for generations. And then we can add everyone in all the other cities, all over the wealthy part of the world, doing the same. As comparison, I wonder what the highest-demand suburban location is in the US and in the world, and where it ranks for housing costs? It's not 'misery central', just something where you have a different preference. > no city in the US managed to increase affordability by either building transit or increasing density. Not a single one. Where does that come from? I understand we won't all have data all the time (I sure don't always), but until then, it's words. P.S. Why are so many people using all caps in the last month or two? I hadn't seen much of that every on HN, iirc, and now it's all the rage. :) |
Sure. That's what people tell themselves. Realistically, most people would prefer to live in a less dense area, but they can't do that because there are no jobs for them there.
> In NYC alone millions of people pay astronomical rents and mortgages for the privilege of living in tiny spaces in close quarters, no yards, etc.
Exactly. And it's getting _worse_ with every generation, right now NYC is at 530 square ft. per capita, down from 700 in 1980. It's even worse for Manhattan.
> It's not 'misery central', just something where you have a different preference.
Yes, it's misery central.
> Where does that come from? I understand we won't all have data all the time (I sure don't always), but until then, it's words.
I analyzed a database of all real estate sales in the US for the last 25 years. There is plenty of other research that found similar results. The _best_ outcome was something like transient single-digit percentage decreases in rents near new construction.
I don't have the links on my phone, but you can google the "Supply Skepticism" paper from the Furman Center. It's a nice overview of the literature, and it's written from the viewpoint of pro-density (to prevent questions about bias).