Earlier quoted context omitted.
The market isn't going to function ideally in a place like New York. In other cities, a significant market-based response to high rents and housing demand is to increase supply with another ring of suburbs. Is there anywhere within reasonable commute radius left to develop around NYC at scale? Uncapping rents might trigger some refurbishment of idle or marginal space by dangling enough money in front of landlords, bu…
> Is there anywhere within reasonable commute radius left to develop around NYC at scale? I get the challenge of existing property/buildings other states, etc - but it always seems weird to me that you can have single story buildings less than one mile from Manhattan in Hoboken, etc. (as the crow flies, I get transit, etc). Feels like the big problem is we can't change anything easily anymore.
A good chunk of Hoboken was originally swampland; you can't exactly put in skyscrapers there. And even if you could, the other infrastructure (roads, water mains, sewers, trains, parking) absolutely could not support that level of development. You would basically need to bulldoze the entire town and build much wider roads etc... which would then cut into how much land could be devoted to housing.
Edit to add: genuinely baffled by the downvote. I lived in Hoboken for 7 years, and regardless of any personal opinions on the pros and cons, the town indisputably has infrastructure problems at its current density level: frequent water main breaks, flooding, over-crowded trains, buses that are too full to take on passengers, sink-holes, constant traffic jams at the few exits to town, double-parking / obstructed bike lanes, waiting lists for municipal garages (one of which is literally falling apart). The density level is objectively quite high relative to the US [1] and it's quite simply factually incorrect to list Hoboken as an example of insufficiently-dense housing in the US.
[1] https://en.wikipedia.org/wiki/List_of_United_States_cities_b...