You can get a whole hell of a lot further before you hit the physical limits of public transit network architectures.
Restricting supply like this can be fine if demand doesn't grow, but it can be a huge problem for housing affordability if your local economy is booming.
Less density -> less housing overall -> decreased supply -> increased prices
I hate cars, and I hate how expensive housing is, but as far as I can tell, housing is even more expensive in places (in the USA anyway) where cars are less necessary.
Unfortunately, low density construction is the default in the USA. High density housing gets bogged down in reviews and permitting, and medium density housing is effectively illegal in most cities in the country.
If we had actually been building medium and high density housing over the past century, the housing problems we're experiencing today wouldn't be nearly as bad. But that housing is sadly rare, and we now have to play catch-up.
Also, my personal opinion: I never want to live in a dense, or even semi-dense population center again. Living in a single family detached home with a small yard is fantastic. I can use speakers.
> High density housing gets bogged down in reviews and permitting,
Yes, because it's more high stakes and should be subject to a greater level of scrutiny than a 1-2 story single family dwelling. Check out the Millennium tower debacle or that apartment building that collapsed in Florida if you think otherwise.
I don't have a citation for construction costs, and I will concede that there are many factors that may make some low density developments cheaper per unit then some higher density development.
However, construction is only part of the picture. Low density development imposes terrible financial costs for cities that contain them. That's because the taxable value per square mile is much lower, but infrastructure (sewer, roads, etc) has the same per-mile maintenance and replacement costs. The infrastructure maintenance costs in many low density developments is often greater then the amount of tax revenue the development generates.
For more information on the hidden costs of low density development, I can't recommend this video [1] by Not Just Bikes enough.
No it doesn't, the cost to tear up a street in a high density area is much higher than it is in a low density area, especially if we are looking at hidden economic costs.
Also - cheap land does not mean that it's cheap to build and maintain. Almost all of the infrastructure required to build (sewer, power, roads, etc) scale up with area, not density.
Less drivability -> harder to move out to suburbia -> more demand for in-city housing -> increased prices
Prior to cars, there were large "estate" houses with separate carriage houses for the horses. These homes often sat on very large plots of land. Prior to that, was old farm houses, where a neighbour could be a KM away?
You seem to be thinking of "row housing" which at least in north america was more a post-WWII design?
Maybe for the rich? I don't think most people could afford that.
> You seem to be thinking of "row housing" which at least in north america was more a post-WWII design?
They are substantially older than that: https://philadelphiaencyclopedia.org/essays/row-houses/
Strong Towns and Not Just Bikes has a great series on this: https://youtube.com/playlist?list=PLJp5q-R0lZ0_FCUbeVWK6OGLN...
The arrows (logical implication) might be questionable, but it's still true that housing and road infrastructure compete for space.
A developer can only build if they can achieve a 5-6% return on total costs
So 5% of $50k = $2,500 of income, or assuming 30% expenses, $2,500 / 70% margin = $3,500 of income needed per stall per year, or almost $300 per month per stall of underground parking provided
Surface parking is less expensive, like $10-20k/stall but you get the point.