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I'm not convinced that inclusionary zoning cannot work as you say. However, if it's discouraging development as much as the article suggests, I think it's clear
by lemoncucumber 8y ago
I'm not convinced that inclusionary zoning cannot work as you say. However, if it's discouraging development as much as the article suggests, I think it's clear that it's not working as it's currently implemented.
I think it would be really interesting to see more government policies that are designed to be self-correcting in a way that's more akin to how markets work (or at least how they work in econ textbooks). For example, inclusionary zoning requirements could dynamically change depending on how much new housing is being built. When less is being built, requirements would go down and when a lot is being built they could go up.
One would hope that this would also work well in another way: when more is being built, it's likely that housing costs are rising and so more affordable housing is needed.
- matchbok 8y agoMaybe. But really, any mandate is going to distort supply and push the costs to other people. What used to be taxpayer-funded housing is now market-rate housing that is funding subsidized apartments. It's really impossible to know how much housing isn't getting built or how much more expensive market-rate apartments are because of these programs. It's a hidden cost - and probably why it's so popular.