| > But life is full of safety vs. living tradeoffs. That's not even the issue. Suppose that more people wanted to live in a city than currently do. The market implies that -- the price per square foot is higher in cities. And that's the problem, when the city isn't allowed to grow. The existing city already has tall buildings, so if there is more demand than supply, to create more of it you need to add more somewhere else, i.e. build some taller buildings where there are currently suburbs. Which is the thing that's banned. But then more people can't move into the city, even if they want to, because the units in urban environments are already occupied and converting more land to urban developments is restricted by law. So the existing units get bid up until the price difference is high enough to deter people from living in the city and everyone else has to live in suburbs or rural areas whether they want to or not. |
The existing "city" was the suburb of the past:
* https://en.wikipedia.org/wiki/Streetcar_suburb
* https://www.youtube.com/watch?v=MWsGBRdK2N0
And as you say, the current suburb isn't allowed to change because of zoning and NIMBY. Even the current city hasn't been allowed to change and grow in many places (e.g., Toronto)
* https://en.wikipedia.org/wiki/Missing_middle_housing
* https://99percentinvisible.org/episode/491-the-missing-middl...