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> The sweet spot is densely packed urban areas that are built on the human scale.

Near the subway, and surrounded by historical buildings and nice architecture ... where an apartment usually costs an exorbitant price.



It's fascinating to me that folks see clear market signals like this and don't see it as an indication that we need to build more of it.

It's not that it's very expensive to build (well, it's not cheap either), it's that there's so little supply and so much demand.




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