It feels awkward to reference California but California isn’t shown in the graph.
I think even people advocating for required parking would concede that it adds to construction costs and reduces the total amount of housing available—but they’d presumably argue that there are other benefits offsetting those negative effects. This chart says nothing about what those benefits might be or whether the tradeoffs are worth it.
Omaha having a 5.3% population gain from 2017 to 2022 vs a 3.7% population gain in Minneapolis also probably plays a role as well… Yet Omaha was second most productive on creations on the left, and still prices increased rather than diminished.
I would bet some of those places have land cheap enough that the parking costs almost nothing
- Minneapolis also has a serious light rail system which none of those other cities do.
- Why are we comparing Minneapolis to Omaha and KC? Why not Milwaukee or Chicago?
- do those cities have parking requirements?
- given that this is YIMBY propaganda, why not San Francisco?
- Minneapolis also built more housing by upzoning single family regions. Not by building more luxury apartments.
What?
- What kind of dwelling do you live in? Meaning, is it an apartment, condo or single family house, etc?
- People might be moving away?
- Why do you think one caused the other?
We have so many fucking luxury apartments in Seattle, it’s insane. Also, tons of people that could afford those luxury apartments were laid off. This is one fucked up chart.
I see the chart showing lesser-appointed apartments are dropping demand and thus rents, but I think “street parking scum matchstick SROs are devaluing all places” is not the point OP wanted to make.
I just moved to Minneapolis last year. Rent is still outrageous. It is nice to see that it’s improving something but it is hands down the most expensive and competitive place I’ve ever had to apartment shop. Our 1 bedroom 1 bath apt for $1500/mo hit the market and was rented within 4 days by one of the 7 groups who immediately booked a tour. Progress is something though
