[seanmcdirmid]

We build new housing, but it just isn’t keeping up with demand in those few hot cities where young people want to live. Yes, Toledo and Buffalo (in the USA) have cheap housing to get, but those aren’t where people want to live.

[bombcar]

This is a big part of the problem; in the past when you had these situations the "kids" would move to new cities where new activities were happening and build them up (hell, Silicon Valley is basically an example of this).

That seems to have dried up, nobody is building massive employment centers far from the existing major cities.

[seanmcdirmid]

There is a reverse migration of sorts back to the rust belt and Deep South (well, Georgia and Tennessee at least), and most of that migration is driven by cheaper housing and cheaper cost of living. And this is really how it should be, we will never be able to build past demand here in Seattle without Chinese construction powress, and the unions and residents would never allow for that anyways. However, Toledo has plenty of nice places to live in (my dad was in nuclear power, so I got to live in a lot of these places also). Jobs are kind of moving with the lower COL flow, it’s just too bad the tech companies chickened out on WFH or we could have solved so many problems.

[827a]

> without Chinese construction powress

We need to be honest in calling this what it is: yes the Chinese have incredible construction capacity, but the far bigger reason why their cities are growing so fast is because: they essentially have zero personal or corporate property rights in urban zones.

[seanmcdirmid]

That really isn’t true though, nail house term was invented in China after all. The only real magic is simply their ability to get sh*t done on time and on budget, which doesn’t exist in the USA anymore.

[handle584]

> nail house term was invented in China after all

I do not see how this is related to property rights? In urban China you do not own your home, it is a 70yr right to use the land.

Some of their construction is good, but not private homes. Because you do not own the land, the quality of your home is up to the developer, who basically follows no code and cheapens out on everything. Also the Chinese code is very loosely implemented, for it lacks basic insulation and ventilation to start with, let alone modern airtightness.

Anyone grew up in sfh like those in the US will not like to live in Chinese nail houses.

[seanmcdirmid]

First, property rights are a thing in China, early on local governments ignored them and the central government came down hard on that (hence nails houses that wouldn’t exist in the USA because we have eminent domain here). Second, the leases are assumed to be renewed, and there are many different lengths from 30-40 years to older ones to 99 years for the ones today (not sure wheee you get 70 years, I’m sure thats a duration that was used in some city as well). When the shorter Wenzhou leases came due, the local government planned to just seize the property but the central government again came down hard on that, forcing them to do small renewal fees instead.

I’m sure China will eventually replaces leases with a property tax that would do the deprecation gradually and continuously like in the west rather than all at once.

I’ve lived in Chinese flats for 9 years and had no problem with them. Sure the nail houses are older less dense constructions that were decrease before local governments built roads around them, but absolutely nothing changed for the residents except for the road.