so many people want to live in the locality that it becomes profitable to build, in excessive and devastating quantity, for those who can pay the most. . . . not simply people who can pay the most in general, but people who can or will pay the most for the smallest space.I thought of the recent New York Times article about New Yorkers living in tiny, expensive spaces: 250 square feet for $425,000, 675 square feet for $660,000, 350 square feet for $825,000. Granted, these are pre-existing small spaces, and they are hardly numerous. But there’s also the new trend of micro-apartments: say, 355 square feet for $2910 a month.
Wednesday, May 4, 2016
By Michael Leddy at 8:57 AM