this post was submitted on 08 Feb 2024
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The problem with housing is not the cost of the house itself, is the zoning laws that limits the amount of housing that can be built close to workplaces and where people wants to live. Just let construction companies built residential buildings, duplexes and other denser housing that single family detached houses and prices are going to go down.
People generally want that suburban ideal, of a four bedroom house, two car garage, a front and backyard... Zoning would be needed to require housing to be denser, rather than allowing sprawl.
Private contractors also prefer building single family homes because they get paid way more to do 50 individual houses than put up an apartment that houses 50.
We aren't here because people are stupid. We are here because this is where all the incentives align.
Sure, absolutely. That's also why you see "luxury" developments popping up everywhere; they can make cosmetically nicer houses that have a higher profit margin, while not spending significantly more than a more modest house.
But, again, this is why you need zoning to restrict sprawl.