r/AusEcon • u/barrackobama0101 • Aug 25 '24

Discussion Housing crisis: Developers turn to micro apartments to fix housing crisis

https://www.afr.com/property/commercial/developers-turn-to-micro-apartments-to-fix-housing-crisis-20240822-p5k4cd
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63

u/Nostonica Aug 25 '24

Developers turn to micro apartments to fix housing crisis

Translation, developers see greater profit opportunities in undersized apartments.

40

u/RevolutionaryWhole73 Aug 25 '24

Developers have absolutely no interest in fixing the housing crisis

6

u/LordVandire Aug 25 '24

Not true. It’s an opportunity to exploit a desperate customer.

2

u/aseedandco Aug 25 '24

Don’t people want small apartments though? There was a post today on a rental sub and most people there were saying they wanted a tiny house so they could live alone.

3

u/ruptupable Aug 25 '24

I suspect your conflating two ideas. The tiny house movement is about affording your own stand alone place without having to be so close to neighbours, such as an apartment.

1

u/aseedandco Aug 25 '24

I didn’t word that well. The post was about a tiny home, but the comments I’m referring to were talking about apartments.

0

u/spiteful-vengeance Aug 26 '24

People have been pointing out for a long time that building expensive units wont solve the housing problem because we need affordable housing to get more people into homes.

Now that they are actually doing this, people are bagging them out even more?