this post was submitted on 15 Sep 2023
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Zoning laws are definitely a big (probably the largest) part of it, but it's not the only issue. Even when buildings with a higher number of units is approved, they tend to be more upscale. There's not a lot of lower end housing being built in any capacity.
I mean yeah, they charge what the market will bear, and the market can bare a crapload right now. I mean, if you just upzoned and cut out the red tape, eventually the price would come down as supply ramped up to meet the demand... but I don't think anybody can wait for "eventually".