I gotta say this essay is a bit disappointing. It seems mostly an excuse for the author to grouse and enjoy their own flowery prose. It's the kind of writing I'd expect to see in a Neal Stephenson novel, and it's fun, but it's not really useful as an essay -- it offers very little insight or information. I've often been curious - besides the obvious problems of municipal red-tape, why is construction so expensive now…
Construction is expensive because construction salaries are high. Authors clearly have never owned a century old building though, as easily shown in the first paragraph: > Our own walk begins across the street from our apartment, where, following the recent demolition of a perfectly serviceable hundred-year-old building, a monument to ugliness has recently besieged the block Century old buildings (I own in one!) are…
I was mostly confused because I live in the greater Toronto/Hamilton area, which rapidly joined Vancouver and SF in insane price inflation, and so we're talking million dollar homes made of cheap materials.