Posted on 10/09/2021 7:00:32 PM PDT by grundle
In major cities around the world, housing prices have spiraled out of control.
While the population of Japan as a whole has been shrinking, Tokyo has been growing. Between 1995 and 2019, the population of Tokyo grew by 2.17 million, or just above 90,000 per year on average. To accommodate all these new people, lots of housing had to be built. Over the same time period, there was an average of 153,000 housing starts annually.
A study by the Fraser Institute illustrates what happens when housing supply fails to keep up with demand. Between 2015 and 2019, 120,000 new jobs were created in Vancouver and Toronto. In the same time period, there were only 57,000 housing starts every year. Since demand was growing more than twice as fast as supply, prices skyrocketed. The same story played out in almost every major city. Lots of new jobs being created, lots of people wanting to move, and not enough homes being built for all of them.
There are numerous bad policies which prevent the construction of more housing. Chief among them are restrictive zoning laws. In most cities with expensive housing, vast swathes of residential land are reserved exclusively for single family homes. Until very recently, the worst of the bunch was San Jose, with 94% of the land being off limits for apartment buildings. No wonder it is the least affordable city in America.
(Excerpt) Read more at yahoo.com ...
TRANSLATION: Abolish the suburbs and force everyone into high-rise detention compounds.
How about we stop building cities instead? Try limiting business densities.
No more immigrants.
Apartments the size of a walk in closet.
Bingo. Yahoo IGNORES the fact Team BaiDin TORE DOWN OUR BORDER so as to flood our country with welfare recipients requiring housing to INCLUDE all those FAMILY MEMBERS they’ll be bringing in as well.
It’s better to have people live in the suburbs than in the city. Even if we were to make cities affordable, it’ll depress the birth rate even more. Where would you have your kids in your cramped apartment in downtown?
As I recall, Tokyo provoked America into Nuking Japan's cities.
They even made a movie about it in 2012 with Karl Urban called Judge Dredd.
They could hire those Tokyo train pushers to squeese people into the micro apartments at night.
Too Damn many people. We need an immigration moratorium
Make America Japan again. 🙄
We could free up lots of space and create American jobs if 8 to 12 million people were not here illegally.
With Democrat land use planning, this isn’t a surprise.
“You’ll live in a pod, eat bugs, and like it!”
Apartments the size of a walk in closet.
There is a YouTube channel, History Debunked, that talks about how the housing shortage in Britain is pretty much all due to unchecked immigration. How many thousands are crossing our border each month? All will need to be housed, and since nearly all of them are broke, guess who’s going to pay to feed, clothe, and house them?
Yes, the problem is single-family homes and zoning that protects their value. Can’t have that!
/s
..... This sounds like a Brilliant way to create massive Ghettos ......... Every Year ....
Don’t worry, Biden and the people running him are working on forcing new more dense zoning on single family zoned suburbs everyweyere.
There are many abandoned buildings in our area and the land could be reused. The Hawthorne Mall has sat empty for over 10 years, for example. There could be ways to encourage usage that are incentives, not directives, so apartments and condos could be built.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.