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by jleyank 255 days ago
That’s my point. People want affordable. The market tends to deliver (blindingly) expensive. It might not be possible to build something affordable in popular areas - there is a minimum cost of construction. This is somewhat constant methinks. There is a cost of land, which is staggeringly variable. And there is the friction of the whole process which is also quite variable.

If people really want cheaper housing, they need to provide remote work or well distributed satellite employment

1 comments

This is the opposite of what you said. You implied that people’s expectations of how much house they should have are overly inflated, and that is the problem.

Your second comment implies that the costs of land, permits, inspections, etc outstrip the actual construction costs to the point that building smaller is disincentivized

Both, I think, can be true. People don't want a closet. Housing anywhere the job nexus is seems to be expensive. (Stupid) regulations seem to be a thing. What is desired might not be possible in the desired areas. I worry it's just not possible.