Something funny about bubbles. I’ve heard it said that housing prices in 2005 were outrageous, so much that they could only possibly be justified if the population somehow banded together to stop most new housing from being built. Likewise I’ve also heard something about the dotcom bubble- that the valuations of tech firms in 2001 were outrageous. That the multiples given could only ever be sustained if American consumer tech came to dominate the world…
People protested to stop twenty-eight units from being built next to a train station on a commercial lot. The zoning board had a 3-2 vote, with three in favor of the development against two who opposed it. However, the law is such that a 3-2 vote is not enough to approve it, so the owner was prevented from building more housing.
Multiple levels of government prevent housing from being created and this issue clearly cascades throughout the entire country.
5 story building next to train station... And I realistically would expect at least 7-9 here. Maybe force them to build underground parking making it more expensive, but still, that is sort of area you should aim to densify in future.
