Why high rises tend not to produce affordable housing http://greatergreaterwashington.org/post/27996/most-of-dcs-new-housing-is-in-high-rises-which-most-people-cant-afford-to-live-in/ …pic.twitter.com/RCYxyr133e
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@AdamNMayer @iddqkfa @markasaurus @TaupeAvenger @Dr_Memory @NickTimiraos is it subsidized somehow? Or just unfathomably lower labor costs?
@kimmaicutler @AdamNMayer @markasaurus @TaupeAvenger @Dr_Memory @NickTimiraos Not sure about Seoul, but Beijing isn't affordable at all.
@iddqkfa @AdamNMayer @markasaurus @TaupeAvenger @NickTimiraos 1 million people living underground in Beijing https://www.lincolninst.edu/pubs/2466_Hidden-City--Beijing-s-Subterranean-Housing-Market …
@kimmaicutler @AdamNMayer @markasaurus @TaupeAvenger @Dr_Memory @NickTimiraos 80% of people in HK/Singapore (I think) live in public housing
@kimmaicutler @AdamNMayer @markasaurus @TaupeAvenger @Dr_Memory @NickTimiraos But HK & Singapore can afford it; they literally own the land.
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