this post was submitted on 23 Oct 2024
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Housing Bubble 2: Return of the Ugly

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They're not vacant, they're just waiting for better matket conditions (lemmy.world)
submitted 1 month ago* (last edited 1 month ago) by [email protected] to c/[email protected]
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[–] [email protected] 15 points 1 month ago

See: the Bay Area and most of LA absolutely suffocated by suburban sprawl. You could build higher density residential dwellings, but first you need to tear down a few existing homes, plus get it past all the NIMBYS whose property values might go down if there's not hyperinflated demand.