Construction, land costs too high too make lower, middle-income rentals pencil.https://twitter.com/nicktimiraos/status/633243820579155968 …
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@tmccormick @SPUR_Urbanist land, the main input into housing, is very much the opposite ;-)
@kimmaicutler @SPUR_Urbanist not sure that answers. You can have major economies of scale in housing, eg Levitt or Swedish/Japanese prefab
@kimmaicutler @SPUR_Urbanist space is not really naturally scarce in most places, it's mostly artificially scarce due to land-use control.
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