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goodsam2 t1_j2yp3wa wrote

Reply to comment by rvafun100 in Your City Is the Most Livable in America, Until We Publish This Article About It by ValancourtB

Those fan like townhomes that completely miss the mark because they are weighted down by being lower density because people demand 3 parking spots is the problem here. Richmond has regulations adding parking spots to many of these places.

The amount of buildings going up is a relative increase especially with the regulation changes to allow more like TOD-1 but what I'm saying is we need more. We need to get used to more building, the amount of building being done across this country was not enough and needs to be increased. Multifamily housing increased due to a decrease in regulations (due in people like me arguing for reduced regulations) and cities becoming pricier as demand has increased and supply has been stable. It's illegal to build new housing in a lot of America.

https://fred.stlouisfed.org/series/HOUST5F

Haphazardly is not the word I would use. We need to just allow people to build. Why do you want to thwart the free market and instead stop people from building homes? So the zoning codes of the fan were haphazard and the problem or the nicest part of Richmond?

> It’s a MUCH more dynamic equation than you surmise with simple supply/demand thinking.

Explain it to me then and explain why it's completely different from cars. The simple example is that in the 1980s they banned some Japanese car imports, so Toyota, Honda and Nissan created the luxury car brands of Lexus, Acura and Infiniti to increase the price due to the limiting of supply (really the threat of limiting). So cars the other very expensive good that many buy has the exact same effects. Why do you twist yourself in circles to convince yourself that it's not supply and demand?

https://en.wikipedia.org/wiki/Lexus?wprov=sfla1

>If you really want some high-density dystopian city then move back to the city from which you hail.

High density cities are not dystopian, suburbs are IMO. You want to force me to buy because we aren't adding enough housing. Suburbs are government subsidized because low densities increase the public to private ratio and we overtax cities. Suburban poverty has outpaced urban poverty for decades at this point.

People pay a premium to live in the city, people must like it but no live in a shitty ugly cape cod.

Also this is every city, the point here is that demand has been outstripping supply for decades. Where is the affordable high density city you want me to move to. All of America decided to ramp up zoning regulations at the same time around the 1970s and so we have housing unaffordability.

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rvafun100 t1_j2yqk6p wrote

Can tell by your uninformed diatribe you are very young and haven’t been involved with developers in the real world. As I said before it is a pointless exercise to try to inform you. Literally take a walk in the areas I pointed out for you…make sure to take your phone for pics of all the new development happening as you read this.

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goodsam2 t1_j2ys9dx wrote

But look at the increase in demand, we have a rental vacancy rate of 1.7% when something in the 5-8% range is needed.

What you don't seem to understand is that we have increased the amount being built, but I think we need even more. The prices clearly indicate that demand is outstripping supply.

I think we can clearly link the lack of household formation to housing supply and housing prices. The household formation rate increased in the spring and housing prices spiked and supply was extremely low.

I really think Richmond city needs to be adding more units to stay affordable. I think the lack of building has been making the city more expensive and less cool more than any preservation has done.

You keep saying I'm too dumb to explain and yet I have data sources to back up my assessments.

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rvafun100 t1_j2yt3uw wrote

Vacancy rate is MUCH higher than 1.7%. Take a walk at night, you’ll see lots of dark buildings with “leasing now” signs.

One way to curb demand is to not haphazardly build build build…if potential transplants can’t find a place to live they move elsewhere, like Durham. Mind blowing right

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goodsam2 t1_j2yujoa wrote

>Vacancy rate is MUCH higher than 1.7%. Take a walk at night, you’ll see lots of dark buildings with “leasing now” signs.

You can have the apartment empty for some time, like if people were off or somewhere else at night or gasp turn the lights off at night.

>One way to curb demand is to not haphazardly build build build…if potential transplants can’t find a place to live they move elsewhere, like Durham. Mind blowing right

The way demand is curbed now is higher prices which I think changes who and what kind of person lives there. You can live in your place while your neighbors just go up in income as the neighborhood grows in price, this is the real gentrification. Gentrifiers were priced out of the neighborhoods they wanted instead of stuff being but for them. They will move in until the price reaches a level where Durham is cheaper which will take some time since Durham is way more expensive.

Agglomeration benefits are fought in this country for no good reason. Pissing away trillions because you were sold a lie.

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