Comment by mr_toad
The rapidly expanding supply of electronics and computing equipment drove prices down. Housing supply has not kept up with demand. It’s Econ 101.
The rapidly expanding supply of electronics and computing equipment drove prices down. Housing supply has not kept up with demand. It’s Econ 101.
In every North American city facing rising housing costs, there is a literal ocean of usable, desirable land for housing, already serviced by municipal infrastructure.
And every month, a percentage of that useable and desirable land comes up for sale, meaning it’s previous owner occupiers are voluntarily moving, and a new owner, if they chose, could redeploy the land in a way that provides homes to many more people, while not evicting anyone.
Unfortunately, each of these cities has also made it illegal for this transition to happen, mandating that the only way you’re allowed to build larger buildings, (if at all) is by demolishing another large (and occupied) building first.
We should change that!
Furthermore usable land, let alone desirable, is a far more limited resource than silicon chips.