"A little bit more than 40% of the square meters [built in the city] were devoted to parking...30% of the budget of the real estate industry is being transferred to parking"https://twitter.com/PaulABarter/status/1065765334328569856 …
So the problem is that there is really poor road and sewer infrastructure to support tall buildings and because there are so many people everywhere packed like sardines it's hard to build the infrastructure, despite high land prices?
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No that was not my takeaway...I think the infrastructure excuse was bullshit
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So then what do you think is the problem here? That the powers that be like restricting supply to keep their high story property values high?
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