nacho1599
nacho1599 t1_iw14t65 wrote
Reply to comment by Bewaretheicespiders in [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch
Sure, but it cost the developer $50 million to build that tower, which improves the land's value legitimately. I'm saying the tower lowers the price pressures in the rest of the area because it increases the supply.
nacho1599 t1_iw0swzm wrote
Reply to comment by Bewaretheicespiders in [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch
I don’t see how that’s the case. Obviously a tower than can house 500 people would be more valuable than a duplex, but that tower then takes 500 people’s worth of demand away from the rest of the real estate system, decreasing prices.
nacho1599 t1_ivzi2yg wrote
Reply to comment by Bewaretheicespiders in [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch
Wouldn’t density keep land value low because there is more free land relatively? Can you elaborate on that?
nacho1599 t1_ivz1exl wrote
Reply to comment by Bewaretheicespiders in [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch
Why would sprawling outward help but upward wouldn’t? The GTA sprawls out like none other, yet it has one of the highest housing costs in the world.
nacho1599 t1_ivywsul wrote
Reply to comment by Bewaretheicespiders in [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch
What will then?
nacho1599 t1_iu2xb9p wrote
Reply to comment by KeaganItReal in [OC] Racial breakdown of students at Harvard, Yale, Princeton, MIT, Stanford compared to students scoring 1400+ on the SAT by tabthough
Settle down, okay?
nacho1599 t1_iw1kwnj wrote
Reply to comment by Bewaretheicespiders in [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch
But the land value all around decreases