When you really break it down, there are only two real responses to housing scarcity. You can either build enough homes to accommodate newcomers or start drawing up a list of people to exclude. I know which side I’m on.
If we don’t build enough housing it really does make the economy more zero sum. One man’s income growth becomes another man’s less affordable first home
I would rather be conditionally-allied with liberals on common-sense zoning reform that makes it easier to build social housing, than allied with reactionaries who think poor people are subhuman and well off neighborhoods should be frozen in amber
Solomon has proposed following Boston & SF in implementing mandatory inclusionary zoning to create $1000 apts.
Mandatory IZ is outlawed in TX and there's 751 apts in central Austin under $1000. Now try finding a $1000 apt in Boston or SF where mandatory IZ has been implemented..
I don't get why I can't pay $1 to read a single newspaper article. I know the processing fees eat up some of that. But I'm not going to subscribe to an out of town paper to read a single article. They are just leaving $ on the table.
Kind of funny that left-NIMBYism is premised rhetorically on “your policies are bad because they’re associated (in my mind) with the most evil men in the world: liberal opinion columnists” when this is the actually-existing NIMBY coalition, lol.
Chicago lakefront — which is gorgeous. And one of those 25+ story buildings had to be the first 25+ story building. Build it. (And you, Sir, are not as YIMBY as they come.)
Their closing message to Indiana: change your maps to artificially benefit the President's political party or 'roads will not be paved' as punishment.
They are openly saying this.
Who would want to live in a country that works like that?
Jerome Powell on the housing market:
- "The housing market faces some really significant challenges and I don't know that a 25-basis point decline in the Federal Funds Rate is going to make much of a difference for people."
- "Housing supply is low, many people have very, very low-rate mortgages from the pandemic period."
- "And they kept refinancing and caught the really low so it's maybe expensive for them to move.
- "Also, we haven't built enough housing in the country for a long time."
"We just need more housing."
"We can raise and lower interest rates but we don't really have the tools to address, you know, a secular housing shortage, a structural housing shortage."