Comment by cucumber3732842

Because boomers were imbued with love for centralized solutions by their greatest generation parents without really understand the "this isn't a magic wand" side of the coin. And so they went on and regulated the living crap out of where and what kind of housing (everything really) can be built so the only way to make a project still have a "someone will finance this" profit margin after all the getting kicked in the dick by regulatory hoops you gotta do is to build a lot of units hence the proliferation of luxury condos and tract home/townhouse developments.