JD really cooked here.
- Addresses the housing problem as a supply issue
- Tells cities they need to be a partner and work on pro-housing zoning reforms
- Lifts up liberal Austin as example of a city that has done these things and seen rents stabilize and even come down
Manhattan free market rents just hit a historical median on new lease signings of $4500.
That’s $3000 per month above the median for rent-stabilized apt rents.
6 years after vacancy control was passed and one year since good cause eviction rent caps were passed.
Meanwhile, the city of Austin has seen rents plummet by adding housing supply and avoiding rent caps.
There is no regulatory solution to a supply-demand problem.
Operating and construction costs in the city are also the highest in the world and climbing.
The tighter the regulatory fist squeezes, the more it bulges out somewhere else.
With a majority of apartments regulated in a city with a drastic housing shortage, it’s clearer than ever that the continued reliance on unsubsidized rent controlled affordability has failed.
It's strangling America’s greatest city.
Minnesota's bipartisan "Yes To Homes" coalition has proposed the Starter Homes Act which would;
🏠allow duplexes and ADUs on existing lots,
🏘️allow townhomes on vacant lots,
📐limit minimum lot sizes to 1/8th acre with utilities,
📜require admin review, not volunteer board.
This works out to $1.1M per home in CHICAGO.
The median price of a home in Chicago is $350,000.
Idk if it’s more shocking that they’re planning to spend this much per unit, or the fact that they’re bragging about it.
Another example why CA Asm. DeMaio was REMOVED by Democrats from Budget Cmte: he exposed a massive payroll tax hike that Gov. Newsom is imposing in this year’s budget – forcing small businesses to pay for his incompetence of allowing over $30B in fraudulent unemployment payouts!
The GOP Budget Resolution that passed the House this week increases the debt limit from $36 trillion to $40 trillion, and spends enough $ to increase in the debt from $36 trillion to $56 trillion over the next 10 years. But yay for tax cuts!
I’m the only Republican who voted no.
@Ken_Tid@YIMBYDemsSD The folks that work in Encinitas, making food, mowing the lawns, preparing coffee, etc. should have the option to live in the place they work if they so choose. The amenities high income earners count on in their neighborhoods aren’t provided by their neighbors.
Before the fires, it often took over a year to get a permit to build housing in LA. Now we need to build many more thousands of homes, and fast. What can California learn from streamlining reforms in other states? I'm in @TheAtlantic today with @Grimezsz + @TXReasSolutions.
The #USArmy will no longer allow transgender individuals to join the military and will stop performing or facilitating procedures associated with gender transition for service members.
Stay tuned for more details.
Del Mar Fairgrounds board voted 5-3 Tuesday to kill 60 affordable homes over Mayor Gaasterland backing a rail tunnel under their land.
Workers who run Fair events still can't afford $3.2M local homes while public officials sabotage housing deal weeks before state deadline
This is so stupid:
1. HSR can run on one big line with multiple different stopping patterns, serving multiple destinations on the way to it's final
2. It can run more frequently than a plane
3. it serves city cores
4. It's literally more efficient than flying
Take a moment. Imagine you’re not on twitter rage poasting about the current thing.
Instead, you live in a cottage court filled your best friends and family. You wake up after a good night’s sleep, pour yourself a cup of coffee, and sit on your front porch. Life is good.
In case you're wondering how far behind the USA is on infrastructure, France is building 120 miles of automated subway lines with 65 stations for $45 billion in 17 years.
As a mayor of Jersey City, I don't think anyone in the state has more direct experience in the state than I do when it comes to mass transit.
As Governor, I would cancel the turnpike widening project and reallocate the money to create a system that is safe, reliable and clean. Second. when they passed the funding source, they only did it for 5 years which doesn't fix the problem - this needs to be changed. And last, I would bring our bus system back in house to ensure they are running efficiently.
You can read more about my policy plans on transit here: https://t.co/qkYMQtojQK
San Diego and LA competing to make housing as unaffordable as possible this week:
1. LA County Supervisors request waiver from all state housing laws
2. San Diego city council seeks to gut successful ADU program
To what end?