10-22-2021, 12:36 PM
Ultimately, the cost of constructing housing needs to come down. The inability to build new housing gives existing property owners economic rents (not the same thing as “rent”, although not entirely unrelated). This is the same as any other market where it is difficult or impossible for new entrants to break into the market: existing sellers can sell for high prices.
To me, this means our regulations have to be re-targeted to stop micro-managing how development works and instead concentrate on true matters of public interest: building safety, nuisance control, and provision of public goods such as parks. Stop worrying about whether somebody is building a duplex, triplex, or townhouse.
To me, this means our regulations have to be re-targeted to stop micro-managing how development works and instead concentrate on true matters of public interest: building safety, nuisance control, and provision of public goods such as parks. Stop worrying about whether somebody is building a duplex, triplex, or townhouse.