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Much of homelessness is caused by the high cost of housing (SF, NYC, LA, Boston, DC, London, ...) which itself is a result of "market failures" of "economic ren
by davidf18 10y ago
Much of homelessness is caused by the high cost of housing (SF, NYC, LA, Boston, DC, London, ...) which itself is a result of "market failures" of "economic rents" which are the use of politics to create artificial scarcity. In this case, it is the use of zoning density restrictions and the overuse of historic landmark status. These restrictions make rent and the purchase of homes more expensive to the benefit of landlords. Fix the market failure, fix the zoning rules that create artificial scarcity through politics, and you will do much more to create affordable housing.
See Harvard Economist Edward Glaeser, Build Big, Bill an article which explains the high cost of housing is caused for the reasons I stated.
http://www.nydailynews.com/opinion/build-big-bill-article-1.1913739 http://www.nydailynews.com/opinion/build-big-bill-article-1....