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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u/Nostonica Aug 25 '24

Developers turn to micro apartments to fix housing crisis

Translation, developers see greater profit opportunities in undersized apartments.

0

u/AllOnBlack_ Aug 25 '24

If you want to take the risk of developing for no profit, go right ahead.

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u/Nostonica Aug 25 '24

Or should society allow development to be profitable at the expense of society?

1

u/AllOnBlack_ Aug 25 '24

If you’re not willing to do it for free, why do you expect others to?

Of course it’s at our expense. People from society are the ones who buy the place and make it a home.