4 ms·
Housing affordability is a function of income and housing prices. There are lots and lots of things that affect or arguably affect either of these. The proble
by dalbasal 3y ago
Housing affordability is a function of income and housing prices.
There are lots and lots of things that affect or arguably affect either of these.
The problem with "some effect," based on a econ101 generality, is failing to estimate scale of affect in the 101 model, supply and demand.
You could argue, and this was popular in the 90s, that the solution to housing affordability is education. Better education, better income, housing affordability.
NIMBY related ideas about housing affordability issues are the 2010s version of this. Unlikely to have any measurable impact on housing even if the politically unrealistic polucues are implemented in full.
True, at least in theory, but not significant.