alt Hacker NewsExcept the exact opposite thing is happening in the regular housing market. Small houses (e.g., townhomes) were intended to maximize land and reduce cost, except they’re now not even affordable.
This will happen with these too.
Except the exact opposite thing is happening in the regular housing market. Small houses (e.g., townhomes) were intended to maximize land and reduce cost, except they’re now not even affordable.
This will happen with these too.
It's the same problem -- you need more. Zoning regulations continue to prevent enough new construction, and the conversion of large lots/units into smaller ones.
I honestly don't know what you're proposing instead. But for some reason you're pessimistic about what all traditional economists agree on what is the solution -- remove more zoning regulations that constrict what can be built.
It's literally just supply and demand. Prices come down when you increase supply to meet demand. Just because increasing supply a little bit doesn't work when demand is increasing even faster, doesn't mean the basic principle is falsified. It's just that you need to increase supply much, much more.