Building housing fast and tall can lower prices by outpacing demand, as Austin showed after its COVID surge. But lenders got scared after a 2022 Florida condo collapse and now demand strict safety standards for high-rises, slowing projects down.
You need to be able to build quick, build fast, and more importantly, be able to build to the moon. And this is the reality. If you can build up and put more housing straight up, yes, they will tell you about the environmental impact, right? But you will make homes more affordable because it's a simple math equation. If the supply is greater than demand, home prices go down. This is just the math. So if I can make supply faster than demand, your home prices go down. And the more quickly I can do it, you're like, has there ever been a case study on this? Of course. Let's look at Austin, Texas. Right? So the prices in Austin, Texas had like tripled during COVID because Texas just allows people to build. What happens? Right? Home prices went back down. Right?
One of the issues we've seen with the whole idea of building up is that the one building that collapsed in Florida was that 2022? Put a huge damper on any kind of financing for condos nationally unless there are insane outfits done to buildings.
