alt Hacker NewsMarket rate housing doesn't need to trickle down. Most NIMBY regulations focus on the prevention of building low-value housing. Let developers flood the market with small, high density units, and they'll be cheap right away.
Market rate housing doesn't need to trickle down. Most NIMBY regulations focus on the prevention of building low-value housing. Let developers flood the market with small, high density units, and they'll be cheap right away.
Developers are incentivized to build whatever units are most profitable, not what lowest income people need. More expensive units make more money.
Besides that, land and construction are both limited resources that constrain developers ability to “flood the market with small, high density units.” For example in high-land-value urban areas, developers need to build expensive units to be able to make a profit.