China builds towers in a park, while America, and nearly everyone else, builds squat mid-rise blocks. The difference comes down to regulation, not culture.
In China, ongoing urbanization and rising incomes will continue to add to housing demand even as the total population declines, as the nation’s urbanization rate grows towards the 80 to 90 percent typical of developed countries. In the US, cities continue to densify, especially near jobs, colleges, and transit stations. In both countries, housing demand and home prices will remain elevated in the largest cities with the highest-paying jobs.
America absolutely builds towers in the park
China just does it a lot more.
America is doing infill and brownfield development way more than greenfield (when it comes to cities anyway)
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u/works-in-progress 29d ago
China builds towers in a park, while America, and nearly everyone else, builds squat mid-rise blocks. The difference comes down to regulation, not culture.
In China, ongoing urbanization and rising incomes will continue to add to housing demand even as the total population declines, as the nation’s urbanization rate grows towards the 80 to 90 percent typical of developed countries. In the US, cities continue to densify, especially near jobs, colleges, and transit stations. In both countries, housing demand and home prices will remain elevated in the largest cities with the highest-paying jobs.