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Tokyo may have found the solution to soaring housing costs


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2016 Aug 22, 1:16pm   1,313 views  9 comments

by Patrick   ➕follow (55)   💰tip   ignore  

http://www.vox.com/2016/8/8/12390048/san-francisco-housing-costs-tokyo

Most big American cities and their surrounding suburbs have housing regulations that strictly limit the number of new housing units that can be built. As a result, the demand for housing in the most economically dynamic cities has dramatically outpaced the supply.

#housing

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1   FuckTheMainstreamMedia   2016 Aug 22, 1:46pm  

Lol only took them 3 decades.

2   FNWGMOBDVZXDNW   2016 Aug 22, 1:59pm  

It seems to me that in many cases satellite cities could achieve the same thing (more units within reasonable drive from city center), but with less tearing down and rebuilding. So, it might be more efficient, but create smaller clusters instead of one giant downtown center.

3   georgeliberte   2016 Aug 22, 2:15pm  

It is also something to the effect that 'I have mine, screw you getting yours' in San Francisco. Rent control is also apart of the problem with building affordable housing in San Francisco- great for people in controlled units, awful for the landlord and the rest of us.

4   zzyzzx   2016 Aug 22, 6:13pm  

YesYNot says

It seems to me that in many cases satellite cities could achieve the same thing (more units within reasonable drive from city center), but with less tearing down and rebuilding. So, it might be more efficient, but create smaller clusters instead of one giant downtown center.

Clusters around the beltway. Just make sure the betlway is built with more then enough lanes to begin with.

5   FNWGMOBDVZXDNW   2016 Aug 22, 6:52pm  

zzyzzx says

Clusters around the beltway. Just make sure the betlway is built with more then enough lanes to begin with.

Could use a couple more lanes around DC beltline and another bridge or two over the Potomac. The bridges don't get built because the rich assholes on the DC side don't want property values to go down.

6   Strategist   2016 Aug 22, 7:36pm  

Patrick says

Tokyo may have found the solution to soaring housing costs

Very enlightening. Thanks for posting.
Zoning clearly restricts supply. Texas is an example of a state that lacks zoning, resulting in more construction and lower pricing.

7   missing   2016 Aug 23, 10:16am  

Satellite cities would be great with fast train access. Imagine a 30 min bullet train from SF to the central valley.

The amount of money and time (i.e. human lives) that are being wasted daily on the highways is mind boggling. They just keep adding lanes to the highways - for how long can this continue?

8   RWSGFY   2016 Aug 23, 11:22am  

Comparing SF with Tokyo is silly. Bay Area as a whole should be compared with mega-cities like Tokyo.

9   OneTwo   2016 Aug 23, 12:44pm  

Seems a bit misleading to me. Tokyo may not have had the price growth, but I don't see much mention of the base at which it started. Tokyo housing is still incredibly expensive, and what people are willing to put up with is vastly different to the expectations of the average American.

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