The Housing Theory of Everything
In her essay “The Homeownership Society Was a Mistake,” Jerusalem Demsas, who covers housing at the Atlantic, traces the politics of treating homes as assets. Housing is often spoken of as a safe investment, but it’s not. Homes rise in price when there are too few of them to go around. The greater the gap between supply and demand, the higher the r
... See moreEzra Klein • Abundance
If you erect a community of expensive, beautiful homes and prop up the value of those homes by making it illegal to build more housing, which turns your home into a resource so scarce that potential buyers do things like write pleading letters or make cash offers above the asking price or bid sight unseen—behavior that has become commonplace in lib
... See moreMatthew Desmond • Poverty, by America
the demand for downtown housing is significant and it is about to skyrocket. But supply will have a hard time meeting demand unless cities become politically committed to its provision and lend a hand. Building new housing downtown is an expensive and punishing process: unlike the suburban greenfield sites that most developers are accustomed to, ci
... See moreJeff Speck • Walkable City: How Downtown Can Save America, One Step at a Time
In a city with high rents, only activities that add substantial value can be profitable. These economic pressures push urbanites to come up with new forms of organizations, products and services that carry more value added. In turn, higher profitability, excellence and choice tend to attract more talent to the city, pushing rents higher still, fuel
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