User-NetOfInter t1_j6fwdzl wrote
Reply to comment by RulerOfTheRest in “People Moving From NOVA to Richmond Are Ruining Our City” Reports Guy Who Moved Here in 2018 by ThatChildNextDoor
It’s almost like they should support building more housing to accommodate this
oddistrange t1_j6g018g wrote
I want more mixed-use zoning.
HatefulDan t1_j6gh34v wrote
They are. It’s just that it’s unaffordable and are starting to resemble NOVA prices. It once was that if you charged over 1k for housing, that you’d have allllll the amenities. Now, even the shit sheds are 1k
User-NetOfInter t1_j6ghg6d wrote
They’re not building enough. The city still makes it too difficult to build more.
HatefulDan t1_j6gk6e9 wrote
Right. But if you continue to charge a premium+ price for each property that you DO develop, then it doesn’t matter how little or how many you build, if most people are still priced out.
User-NetOfInter t1_j6hpic2 wrote
Market powers will drive down premiums if you allow competition.
The only solution is to build more. Period.
PyreDruid t1_j6kg00p wrote
If you build enough housing, pricing will go down.
Supply and demand is real, you're talking about a situation where supply never is allowed to catch up.
Charlesinrichmond t1_j6idmty wrote
inflation sucks. Literally why its bad in a nutshell
RulerOfTheRest t1_j6g53nl wrote
As they should. The problem right now with interest rates so high and the cost of materials and labor being skewed, the growth of new housing isn't close to where it needs to be to help stabilize things...
gowhatyourself t1_j6hlppj wrote
This is why when people on here say they want more affordable housing I don't think they realize just how unaffordable newer construction would be for most people without massive subsidies the city doesn't have due to how they don't pull in revenue from the counties....where most people are moving anyway.
Charlesinrichmond t1_j6idrim wrote
they could cut cost of development in the city and it would be an effective massive subsidy. City costs a LOT more money to build in
User-NetOfInter t1_j6g8kcn wrote
Then they should control what they can control. Which is zoning and building permits
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