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by rehitman
837 days ago
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I bet if you got that city to get a permit to build a new condo, you need to spend shit ton of money and worst wait 6 months to get a permit, and at some point a neighbor blocks you because you are blocking a view or something. The problem is building, and in USA we have tons of land, we just some how don't let people to build homes |
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The remoteness and limited market of smaller towns can drive up the costs of creating new things.
In these cases of the lack of it's remarkably easier to simply buy a SFH and rent it out on Airbnb and I think that's how we get to these outcomes where there's seemingly tourist demand, but no one is creating anything new except trading around old SFHs.