Zardnaar
Legend
Yeah, the lack of small homes is really frustrating for anyone looking to either start out or downsize. Seems any existing modest home is either rotted away ("needs TLC!"), or are eyepoppingly overpriced in chic neighborhoods. And ask about smaller (say, <1000sqft) homes in a newer developments? LoL! There's just no incentive for developers to build "cozy" homes when they can spend a little more to build a bigger place that they can sell for a lot more.
For a huge and growing segment of the population, the hope of being a homeowner has been absolutely murdered. And it's getting to where even renting a place that isn't trash is becoming an unachievable dream for many in the bottom half.
Similar here there's no money in building small homes. The extra cost of the materials is marginal relative to other costs eg connecting electricity and water.
Unlike USA you can't move somewhere that much cheaper unless you don't mind moving way out into the boon docks.