Construction has kept rent in Chongqing, China to $75 a month
I stayed in Guangzhou and was struck by how differently they'd handled housing compared to London or SF. Basically there were a lot of approx 35 story similar tower blocks and most people used public transport/taxis rather than having cars. There's really no reason why London/SF couldn't do that apart from government policy. I live in London and like it but wonder if having all the property being some silly multiple of wages is the best way to do things.<p>This kind of stuff <a href="https://www.scmp.com/magazines/post-magazine/article/1761639/guangzhous-changing-face-city-its-people-cant-recognise-any" rel="nofollow">https://www.scmp.com/magazines/post-magazine/article/1761639...</a><p>You'd want to put them in kind of nondescript areas to avoid taking out the historic stuff as mentioned in the article and maybe pay out 50% above market to existing buildings in the way so they are not too pissed off but it could be doable.