2 ms·
The problem is, contemporary zoning laws make the construction of (relatively) inexpensive housing illegal, by mandating excess parking requirements and forbidd
by jseliger 6y ago
The problem is, contemporary zoning laws make the construction of (relatively) inexpensive housing illegal, by mandating excess parking requirements and forbidding multifamily housing on the vast majority of usable parcels: https://www.theatlantic.com/business/archive/2012/03/the-rent-really-is-too-damn-high/254718 https://www.theatlantic.com/business/archive/2012/03/the-ren....
Until we resolve that problem, we're going to keep getting headlines like the original one. We've regulated ourselves into ultra-high costs. Liberalization can improve matters.
- II2II 6y agoI agree, yet I also find the situation ironic. The attitudes that keep wages low seem to be the same attitudes that are driving housing prices up while rejecting (or at least inhibiting) the idea of social assistance.