[anon291]

> If we take deregulation and cheap housing to the extreme we end up with shanty towns.

That's possible, but, considering that all the most expensive places in this country were developed in the very way this article is advocating, I'm going to label it as improbable.

Many amongst my friends and family think I'm a bit crazy living in the inner city, but the truth is my equity has skyrocketed, and will continue to do so. Urban dwellings are in high demand. Given that many of these same urban dwellings are illegal to construct now / prohibitively expensive, we've handicapped the ability of the market to meet demand.

[gamepsys]

I use to look at buying a 60+ year old condo/coop on the west coast, until I looked at the earthquake statistics and safety standards of brick multistory buildings. Now I know why the newer steel buildings cost 2-6x the old brick buildings in the same neighborhood.

[Aeolun]

I’m doubtful they actually cost more to construct?