A Boring Dystopia

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Los Angeles renters now need $117K a year to live comfortably, study says (www.ktla.com)

submitted 1 year ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] someguy3@lemmy.ca 11 points 1 year ago (2 children)

Is there a big nimby resistance to residential towers?

[–] Blackout@kbin.run 9 points 1 year ago* (last edited 1 year ago) (2 children)

Those towers have a higher rent due to amenities and location. Converting SFH to multi-unit condos/apartment buildings are a better way to increase the housing supply for less.

[–] someguy3@lemmy.ca 2 points 1 year ago

I think you can have towers in residential areas too.

[–] No_Eponym@lemmy.ca 1 points 1 year ago

I think you spelt "REIT dividends" wrong.

[–] iamdisillusioned@lemmy.world 2 points 1 year ago

I'd guess that regulations for earthquake safety make tall buildings very expensive to build. The only way it makes financial sense to build them is to put them in the most expensive areas and load the units with luxury finishes to increase profit. It's far more common to see 5 over 1s, and yes there is a lot of resistance to even those.