4 ms·
Quite a good article, I like the ‘hyper local democracy’ suggestion. But it’s weird how every discussion of housing seems to jump to increase supply and densit
by flyingaspi 2y ago
Quite a good article, I like the ‘hyper local democracy’ suggestion.
But it’s weird how every discussion of housing seems to jump to increase supply and density.
Never a mention of:
- immigration driven demand
- historically low interest rates inflating all asset prices
- occupancy per home
The macro trends that have driven these for the last 50 years are now reversing, at least in places like the SF Bay Area which will have a huge impact.
Also the population pyramid of the US will (sadly) drive down demand in the next couple of decades.
Also I’ve read studies that suggest that dense housing is less likely to promote family formation e.g. Japan’s high density and laissez-faire zoning hasn’t helped with their fertility crisis.