Show Your Work
@showusyourwork
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05-08-2015 02:54:58
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Housing Spock Found it!
Why don't we start by building social housing over that giant golf course where so many landlords are laughing, just out of frame? Seems like a much easier way to add housing than losing existing homes to private renovations which are not guaranteed to complete?
Show Your Work Just get rid of height limits and let people build and sell as much housing as they want on whatever land that they own. The government can build social housing, too.
Housing Spock So we need to keep 163 acres of golf course devoid of housing and end height limits in an active earthquake zone? The city owns the golf course, why not just raze it and build affordable housing to compete with all that private stock?
Show Your Work We need a scalable solution to the housing shortage that results in lots of housing being built in places of high demand. Getting rid of supply constraints like height limits and discretionary approvals and having form-based codes with ministerial approvals accomplishes this.
Show Your Work You can centrally plan your golf course housing in addition, but focusing only on a handful of centrally planned projects will not produce housing at the scale needed in the places where it's needed.
Show Your Work As far as ending height limits in an earthquake zone, Tokyo exists in one of the most seismically active locations in the world.
Housing Spock Guess which Japanese capital has strict height limits? expeditiontokyo.com/why-doesnt-tok…
Show Your Work 1) The average zoning across Japan allows for apartment buildings by default instead of being zoned only for single-family homes.
sightline.org/2021/03/25/yes…
Show Your Work 2) Tokyo went through a massive housing policy liberalization in the 90s that dramatically increased height limits and streamlined approvals. This is a blueprint for cities like San Francisco to follow.
sightline.org/2021/03/25/yes…
Housing Spock Fascinating! Did anything else happen ***in Japan in the 1990s***? Anything besides 'a massive housing policy liberalization in the 90s' worth mentioning that had a far greater impact on free-market boom-and-bust cycles, directly relevant to real estate? investopedia.com/articles/econo…
Show Your Work The 1980s asset bubble led directly to the 1990s housing policy reforms which then allowed Japan to avoid the same severe housing cost spikes that are impacting other major cities which haven't loosened their supply constraints.
