Wealth is not all: how gentrification in Zurich has led to housing shortage

by Realistic-Lie-8031

7 comments
  1. Sigh. The housing shortage is due to not building enough affordable housing due to lack of political will and nimbyism. The number of “luxury” apartments is minuscule next to the rest of the housing stock.

    For the huge amount of tax revenue that “gentrifies” are contributing you’d think the city and the Kanton could pull their finger out and actually try to solve this problem.

  2. city-wide averages of CHF1,787 for a four-room apartment and CHF1,470 for a three-room apartment. 

    This number are crazy, now for that amount you cannot even find a studio on the market, but it is crazy that is s the city-wide average due to people that are there since decades and you cannot increse them the rent. Probably they not even need anymore 4 rooms has the kind grow up and not anymore in the house, but you would bit out of your mind to leave the appartment on that price. The rent controls law are super distortive of the rent market and push landlord to rent has high at possible the new apartment becouse once set are stuck with that price.  We should build more but also fix this distortive price fixing that is completely fucking up the demend and increase even further pricing 

  3. I may have missed the point of the article but I think the title is not in line with the content?

    It should read: “How gentrification drives up rent”

    If we build 100 “gentrified” apartments, or 100 affordable ones, there are still 100 apartments in both cases.

    The article would make sense if most of these new apartments were not rented out because of the price, but that’s not the case, the vacancy is very low. There needs to be more housing, and especially more towers.

  4. Just build more, of all types, everywhere. That is the only solution, everything else is bullshit.

    Fuck NIMBYs.

  5. Oh no the expected consequences of voting neoliberal for 4 decades. What could have thought except everybody?

    As long as corporate and finance profit is prioritised over affordable basic needs costs, this will keep going.

  6. On one hand I understand the overall concern about everything becoming too expensive. 

    But there is also a changing of expectations. People want minergie, higher standards, regulation etc. All which hugely expensive. Just like people want more space in cars, safety etc…and then wonder why cars cost so much more (airbags costing quarter of an old car cost, crumple zones etc).

    Not saying we should stay with bedsits etc but a change in expectations has also changed price points.. 

Comments are closed.