“In the past half century, by investing in transit & allowing development, Tokyo added more housing units than the total number in NYC. It remained affordable by becoming the world’s largest city. It has become the largest city by remaining affordable.”
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@bfurnas
It's almost like policy choices (exclusionary zoning, pivot away from mass transit) drive up housing prices!
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@bfurnas
@StephNakhleh
Tokyo was still too expensive for me. I had to move out after two years. 900 bucks for a studio was way too expensive.
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@bfurnas
NYC too could have more housing (IDK if that's the same as cheaper housing) if stretches of old and ramshackle row houses along side streets could be replaced with new apartment buildings. But they can't be. Voters will not allow it.
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