eli5: Would making house’s cheaper fix the housing issue?
In: 3
by far the biggest cost of a home is the land.
so the choice is, build smaller, build higher.
part of it is restrictions in zoning, you can’t build a big block of small apartments in an area of large single family homes with huge backyards, hell they won’t allow you have have an In-law unit in the backyard (some towns are now allowing them)
the other factor is most folks don’t earn enough to afford a place of their own.
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