Why Can't Walnut Creek Build 3 Bedroom Apartments with a Playground?(kevin.burke.dev) |
Why Can't Walnut Creek Build 3 Bedroom Apartments with a Playground?(kevin.burke.dev) |
Also, all of this is about NIMBYism, which is about house prices being inflated to make up most of households’ wealth, which is not fixable without triggering a massive wealth redistribution. Most western societies are stuck in a very non-ideal Nash equilibrium and it is not going to be solved any time soon.
I had no idea it was a town also.
In Asia I would guess families make room for their older relatives which would mean an extra bedroom is needed. Immigrants to the US typically do that but I think it's uncommon among the rank and file Americans.
There’s also a pretty strong effect in the US that selects towards raising 4+ person families in a house (whether rented or owner-occupied) if at all possible, so a 4 BR apartment is likely to be occupied by the (relatively) rare tenant who prefers to live in an apartment, but more likely one who is forced to by lack of option. I suspect this effect is much smaller in Asia.
Here's a recent story of what happens when Asian family sensibilities move into a typical American neighborhood
https://www.nytimes.com/2026/03/12/realestate/massive-home-a...
* 2-exit-stairwell requirement
* elevator laws
* parking laws
Article contrasts with an apartment building in Denmark to show what could be possible.