Interesting!

The beer is key imo

I don’t think you understand we have actual data that shows that there just straight up isn’t enough housing being built.

Another DC Resident here - you are not allowed to call any building in the district a “highrise” when 12 floors and rooftop access is the max allowed to be built thanks to the height limit and most neighborhoods bitterly oppose anything over 3-4 stories.

That makes 0 sense.

No, it’s not. If it was you’d see it in rental occupancy rates going up.

The reason they can charge more is because there’s scarcity. Since 2005, Atlanta’s occupancy rate has been basically flat. No one is building units that won’t get rented. When more housing gets built it’ll drive down costs.

In the Bay Area, it is mostly NIMBYism. Baby boomers who bought their houses in the 70s and 80s who want to drive everywhere and keep density and development away from their neighborhoods and keep their property value skyrocketing each year.

The builders arent building the units that are needed. They are building the units that pay them the most money.

1) It’s an investment. Real estate is one of the primary methods used to turn paper fortunes into physical fortunes. It’s a captive market. What are people going to do? Live on the street?

Because there is no such thing as supply and demand, only capitalist greed. Or something.

Sure, but it’s crazy to imagine that’s the issue. We know how many units are needed to match supply and we know that those cities aren’t hitting that number. This isn’t guesswork.

Lol, yeah, it’s definitely that Yellow Peril that’s the problem.

This may be true in very specific places, but it’s not true for the vast majority of the country. There are more cities with housing shortages than Manhattan.

Yes! DC is majorly fucked up because of it’s height restrictions and a ton of dumb historical designations.

Yeah, this is a weirdly common misconception. I live in DC (and imagine a lot of other coastal cities are similar). A fair amount of highrises have gone up over the past 10 years here, but we’ve still only added enough units to absorb a fraction of the increase in population over the same amount of time.

I guess that’s a lot of Condo builders that will be out money then?

And you think that those students just wouldn’t go to business school if there wasn’t brand new housing? They would just push people out of other housing.

Tell your cities.