There is absolutely a housing shortage in popular metropolitan areas (take your pick) . If there wasn't, then prices wouldn't be so high.
Movies and TV shows are filmed in NY because it's a world class, iconic city. It didn't become that because of media.
Desires change through life. Sure when I was 20-something I'd be happy living in manhattan, but in my 30s I want somewhere in the country with a nice small school for the kids. When I'm in my 50s I suspect a house by the beach would be good, maybe even abroad. When it comes to my 70s and I've got grandkids I'll want to be near them.
How many people want to live in Ny to live the "friends" lifestyle, find out reality doesn't meet expectation, then want to leave but can't due to work?
Each plot owns the land beneath, yes?
So build downwards if zoning prohibits building up.
I find it striking it is not done even more. I recognize the technical difficulties but the costs are surely lower than the potential value of easily doubling the sq ft.
There are interesting tricks you can do with fibre optic cable and mirrors to send daylight down there. Not to mention CoeLux and similar products.
For example, an apartment is required to have a window or fresh air source.
https://www.youtube.com/watch?v=sLJ0zZQb9x0
I admit I just want this because the idea of hidden labyrinths behind our cities is just intrinsically appealing to me. There could be shops! Neon signs! It would be cyberpunk and then I would know the future has arrived :-)
The monetary payoff does seem to be there. I wonder if the delay in transformations of this sort might have a lot to do with a lack of 3D expertise among builders.
Vacant units in 2016: http://www.realtytrac.com/news/foreclosure-trends/u-s-q1-201...
Snapshot of US homeless numbers (likely low): http://www.endhomelessness.org/library/entry/SOH2016
Assuming these numbers are in any way accurate that leaves us with roughly 2 and a third houses per reported homeless person in the US.
So it looks like the initial statement may not be accurate but a housing surplus certainly exists.
Dissagree. Technolgy works best when augmented with humans, however the training needed for ppl (ie truck drivers) may take longer to retool their minds then they have life left. So there may be a generation gap in jobs. Also consider space as the final frontier. How much work will be needed to build fleets of ships to colonize space and all that entails?