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> hose places that don't have housing emergencies generally have just as bad regulations, and would have the same problems the instant they became appealing enough to move there. If American population was equalized across these other cities, there would be less pressure on the few hot places everyone wants to move now, since our population isn't growing so much these days. > Eventually you run out of built out sprawl. Manhattan is not a sprawl and a very desirable place to live, with super high rents to boot. Hong Kong, Seoul, Shanghai, and even Tokyo are the same, so I'm not sure what you are trying to claim here. Out of all those, only Tokyo does well, but that wasn't the case in the 80s and is on the basis of a moribund economy and a not growing national population (one wonders when Seoul and SH will follow). IF you want to solve your housing emergency, limit growth in some way (or at least, make sure residents don't have as much money to bid up housing). |
Those cities are actually impossible to have in America (yes, including Manhattan), because of zoning laws and various other laws. Manhattan is only allowed to exist because it's grandfathered in and the local laws allow it. Such a city could never be built anywhere else in the US without some huge changes in legislation (not to mention local culture, since that drives the local legislation).
>IF you want to solve your housing emergency, limit growth in some way
Tokyo works because growth isn't limited: it's very easy to build here, unlike in the US. Tokyo builds hundreds of thousands of new housing units every single year, while the US struggles to build any. This is entirely because of regulations.