Tldr; there’s a housing shortage because… there are not enough houses being built
and they’re too lucrative to make them affordable.
“Could they build it? Yes. Will they build it? No,” Gardner said, citing steep construction costs”
Aaaand let’s wrap this up, that’s all she wrote
I’m the only person on my street actually in favor of the proposed multi-use housing/shopping complex a developer wants to build a block over from us. I can’t change the minds of all these old people. I’m pretty sure we’re just fucked until they all move out or pass on.
I heard some pushback on a plan for a mixed use development in an abandoned office park. The person had zero to do with the property, lived in a completely different area. But didn’t want it because “traffic”. Like pushing those potential residents to live further away was somehow more beneficial for traffic than putting them close to it.
We can just start our own municipalities somewhere. Where is the biggest question
With blackjack and hookers!
In fairness to your neighbours, it’s probably hard to be on board when all they probably foresee is increased traffic and reduced property values.
Mixed use land developments increase property values. My neighbors believe urban myths and lies, so I’m not particularly inclined to be any more fair to them than I would be to someone who believes that vaccines cause autism.
https://www.bloomberg.com/news/articles/2022-05-02/does-affordable-housing-lower-property-values
I own a house here too, ya know. I don’t share their misguided concerns. Yes there will be traffic. I believe we have reasonable options to mitigate that.
But it looks like the rich, old NIMBYs are going to win this fight, and keep people locked out as always.
Oh for sure, they’re mostly misguided, but not usually malicious. When housing is such a big investment people tend to behave very conservatively which means it’s lots of work to shift the needle…
Also all the vacant housing. But mentioning that might make some real estate owners nervous.
I’m all for building new homes, but just posting data from Hines is pretty lazy journalism.
Data: Hines analysis of Census Bureau and Moody’s data; Note: Population demand is a theoretical housing demand metric based on long-term household formation and homeownership rates by age cohort; Chart: Axios Visuals
very scientific
If it’s a common method used and has shown to be accurate then being consistent in your metric outweighs some flaws.
I don’t like artificial metrics constructed from other metrics without any explanation.
Your lack of knowledge on a subject doesn’t mean it isn’t adequately explained elsewhere to the extent that it is rudimentary for most people.
