teddyone

teddyone t1_ixocvj6 wrote

Reply to comment by Goldenrule-er in Why can't Cambridge manufacture their own insulin for its residents with Type I diabetes? California is going to manufacture its own insulin. by [deleted]

I know it’s a little counter intuitive but Apartments being fancy doesn’t make them expensive. It’s the scarcity. The “luxury” apartments of 5 or 10 years ago are normal market apts now. If developers build 100,000 “luxury” units right now, prices will fall for everyone because that’s 100,000 fewer people to compete against for housing.

Also I have taken the T to work for years. It sucks sometimes, but it could be a lot worse. If you want to live in a city center, don’t expect a parking spot.

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teddyone t1_ixm3loh wrote

Reply to comment by Goldenrule-er in Why can't Cambridge manufacture their own insulin for its residents with Type I diabetes? California is going to manufacture its own insulin. by [deleted]

ok jokes aside i don’t see the economic argument for how parking minimums make for more expensive housing.

Parking minimums = harder to build more housing. Your per unit cost goes up to build, so it’s harder to build more.

Harder to build more housing = price of housing goes up.

We invest billions of dollars in our public transit system and making it accessible to disabled people. While it isn’t perfect, if you live close to a T station, you do not need a car.

Look at NYC. Would it make sense to have parking minimums there? No. Because it would be insane to add that overhead to building new housing when there is an accessible public transit system in place.

Until we remove more barriers to building new housing, the price will continue to skyrocket. Remove legislation that blocks new housing. Remove zoning, remove parking minimums

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