Tyler Cowen: evaluation

Transcript context

…That’s exactly the problem to be solved. Yes, but what needs to go right for that to be feasible? JENNINGS It’s not so much what needs to go right. It’s the planning, the technology, and the scale. If you want to get the costs way, way down for a unit, you can’t have car parking. If you’re trying to go from $30,000 to $20,000 to $15,000, you can’t have car parks. You’re building houses for people who will live within the city and who are going to be within a walkable distance of their work. Obviously, you’re going to go up. You need more and more scale. It’s a chicken-and-egg problem in getting affordable housing in sub-Saharan Africa because no one has cracked that scale problem to what we’re doing here. You need bigger scale. You need to go up a little bit. I think we know with our partners — we already know how to go from $30,000 to $20,000, and then it’s going to get much harder going from 20 to $15,000. If cars cost so much for the community, how are you regulating cars? It’s not the cost of the car, it’s the cost of the land.…

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