If there is demand for housing, we would expect people to be finding land and building housing unless there are policies that prevent this (and/or long commutes that people don't want to suffer) or higher-value opportunities.
If the city wanted residential areas (over commercial tax revenue giants), the city should have zoned residential.
The people elect city leaders. The people all want affordable housing.
With $4.5b from corporations and nowhere to build but out or up, high rise residential is the most likely outcome. (Which is typical for dense urban areas that have prioritized and attracted corporate tax revenue over affordable housing)
... Effing scooter bros with their scooters and their gold rush money and their tiny houses.
[Edit: more than] One company says "I will pay you $10,000 to leave the Bay Area / Silicon Valley" Because there's a lot of tech talent (because universities and opportunities) but ridiculously high expenses.
If the city wanted residential areas (over commercial tax revenue giants), the city should have zoned residential.
The people elect city leaders. The people all want affordable housing.
With $4.5b from corporations and nowhere to build but out or up, high rise residential is the most likely outcome. (Which is typical for dense urban areas that have prioritized and attracted corporate tax revenue over affordable housing)
... Effing scooter bros with their scooters and their gold rush money and their tiny houses.
[Edit: more than] One company says "I will pay you $10,000 to leave the Bay Area / Silicon Valley" Because there's a lot of tech talent (because universities and opportunities) but ridiculously high expenses.
What an effectual headline from NY.