Reviving for the new D&D:
-ask or answer questions better suited for D&D than EE
-not intended as a debate thread; if people want to debate a particular issue feel free to create a new thread for it.
AUs_TBirD wrote:I'm an architect, and we've noticed the recent slowdown. Friends with relevant knowledge have reported that applications for new building permits have collapsed this year.
Please forgive the lack-of-knowledge ignorance, but beyond broad-strokes "economic activity," can anyone explain why is this a bad thing? I understand developers only make money when they build new stuff, much as a shark dies if it stops swimming, but in my experience, buildings do not evaporate.
Can renovation + infrastructure improvements not serve as well?
Basically it's bad because building more housing is the best way to relieve the largest source of pressure driving up the cost of housing, which is a major issue just about everywhere now.
H.P. Lovesauce wrote:AUs_TBirD wrote:I'm an architect, and we've noticed the recent slowdown. Friends with relevant knowledge have reported that applications for new building permits have collapsed this year.
Please forgive the lack-of-knowledge ignorance, but beyond broad-strokes "economic activity," can anyone explain why is this a bad thing? I understand developers only make money when they build new stuff, much as a shark dies if it stops swimming, but in my experience, buildings do not evaporate.
Can renovation + infrastructure improvements not serve as well?
Basically it's bad because building more housing is the best way to relieve the largest source of pressure driving up the cost of housing, which is a major issue just about everywhere now.
As someone with friends in the both the building and planning industries, my understanding is that the commercial building slowdown is obvious because there’s little demand. Lots of people want to buy houses but can’t afford to due to high interest rates. Meanwhile, building makes up a large portion of the local economy in many areas. It’s a loss of a lot of good paying blue collar jobs that have taken the place of factory work.
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