Chapter 6 of "The Great Housing Hijack"

My Favorite Quotes

“For undeveloped property there are often many feasible projects that could be built, with the one project that generates the highest risk-adjusted residual value being the highest and best use at that time. The density equilibrium is the density of the highest and best use new housing project…”

“Almost all existing dwellings in every city in the world are the ‘wrong’ density, since they were all built under previous market conditions.”

“Paying the extra cost to buy one large house on a site, only to knock it down and build two or three smaller homes, often makes these projects financially unfeasible. Only the most degraded houses on the biggest lots are usually feasible for redevelopment into smaller “missing middle” housing.” 

“For all the political push to increase density for affordability, there is no movement promoting minimum-density planning laws.”

Find your favorite quotes. Book available at https://www.amazon.com/Great-Housing-Hijack-keeping-Australia/dp/176147085X