this post was submitted on 20 Nov 2024
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Housing Bubble 2: Return of the Ugly

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[–] ThePyroPython 4 points 16 hours ago

Ah yes I had forgotten about that one, thanks for adding it to the list.

It just goes to show why the costs of designing and constructing for mixed used needs to be offset by some form of tax on single use buildings.

I don't give capitalism much credit (pun not intended) but it is good at finding the most cost efficient way to do something. Regulations and taxation must be adjusted to align what is the right and correct outcome with what is cheapest. And changes to those regulations and taxation need to move atleast the same speed as the industry to keep commercial interests aligned with the public good.