As a society we should be encouraging more people to move to cities, because they are great for everyone! So why are rent costs so expensive in the country’s urban areas?
New York City, New York (PRWEB) January 31, 2013
Cities are great places; the marvels of the modern world even. They are great for the environment--when people live close enough to a corner grocery store they don’t have to drive as much and public transportation in cities tends to be way better than in suburbs. Cities are also way more convenient than living in the suburbs. Going out is easier, visiting friends is easier, shopping is easier, and getting to work is easier. As a society we should be encouraging more people to move to cities, because they are great for everyone! So why are rent costs so expensive in the country’s urban areas?
The financial journalists that authored the FinancesOnline.com’s infographic “Zoning laws are keeping you from moving to the big city” blame city’s zoning laws for the high rent costs. According to them from height restrictions to minimum lot sizes, these laws are doing everything to keep us from our dream deluxe apartments in the sky.
The financial experts from FinancesOline.com state that land is in demand in cities, but building up is a great solution to the lack of land problem. Tall apartment buildings are a very cheap way to fit a lot of people into a small place. One ten story building is cheaper to build than two five story buildings, not to mention that two ten story buildings would fit twice as many people.
“Zoning laws are keeping you from moving to the big city” - an infographic by FinancesOnline.com analyzes the zoning laws in the residential areas of New York, Los Angeles, and Chicago and compares the cost of living in these cities. The author of the infographic argues that Chicago’s average rent is cheaper than in New York and Los Angeles because of taller height restrictions and smaller minimum lot sizes.
The financial journalists from FinancesOnline.com draw a conclusion that zoning is important to urban planning, and the way that all three of these cities are designed right now essentially keeps people from being able to afford to live in the city. The authors argue that what these zoning laws do is keep poor people from moving to desired urban areas. High rent prices ensure that only wealthy people can afford the most desired land.
So what can we do to ensure that more people have access to the great public services and benefits that living in a city entails? According to journalists from FinancesOnline.com change zoning laws and allow more building in smaller spaces. Build up! Take advantage of that sky.
Check out FinancesOnline.com “Zoning laws are keeping you from moving to the big city” for a great visual explanation of why costs are so high and why buildings are so low.