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We do need more housing and less commercial real estate.
Around here commercial rents for about 1/3rd the cost per sq ft that residential does.
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We need… (wait for it)… LESS GOVERNMENT red tape and bullshit standing in the way of building affordable housing.
This is capitalism. If there’s a reason NEW affordable housing doesn’t exist, it’s because the market doesn’t allow it.
There’s a reason the smallest new construction is always 2400+ SF McMansions in HOA developments and not 1200-1500SF starter homes… because by the time you factor in all the bullshit red tape and permits and zoning and crap, you can’t build a small house cheap enough that someone looking for a starter home could afford. Just like vehicles; there's a reason you can’t find ~$10-12k cars anymore … by the time the EPA and gov’t gets done doing its thing 1/2 the unnecessary shit on the car is mandated and it’s less reliable.
This is all by design. Urban planning and 15 minute cities… They want the dumb masses in apartments and in cities and not to have the means to move freely about.