New construction is usually presented as the rational answer to housing needs. It appears clean, measurable, bankable, and future-oriented. By contrast, renovation is treated as sentimental, technically awkward, and financially uncertain. But this contrast is deeply misleading. What new construction often offers is not superior social, ecological, or even economic value. It offers legibility to a system built around standardisation: standard permits, standard insurance, standard finance, standard procurement, standard ownership structures.






























































