Previously, I posted that supply changes are slow moving and demand changes can be fast moving. And, I warned against claiming YIMBY victories because of large short-term shifts in rents or prices. Figure 1 is a chart of real rents for the US (black) and for one metro area (red) which I will name later.* Should we use deflating rents here to claim a YIMBY win?
The chart on residential investment in the US as percent of GDP...should be plastered on every billboard in the US (OK, in the internet era, digitized all over the web).
I have an idea: Let's stop building housing, stop building infrastructure and Detroit-ify industrial America.
What could go wrong?
Well, to ice the cake we could teach college kids to hate liberal democracies, and they might believe it as they can't buy a house, and have huge debts to pay...
Agreed. We also need more community meetings for any new project as well as legislative sessions where people can talk about housing affordability and elected officials can go on record saying "we will fix this problem." Also, more inclusionary zoning with no density offsets. And more solvency from borrowers and higher downpayments. And, as an architect I object to single family homes on ethical and aesthetic grounds---particularly if they're in Arizona.
The chart on residential investment in the US as percent of GDP...should be plastered on every billboard in the US (OK, in the internet era, digitized all over the web).
I have an idea: Let's stop building housing, stop building infrastructure and Detroit-ify industrial America.
What could go wrong?
Well, to ice the cake we could teach college kids to hate liberal democracies, and they might believe it as they can't buy a house, and have huge debts to pay...
Agreed. We also need more community meetings for any new project as well as legislative sessions where people can talk about housing affordability and elected officials can go on record saying "we will fix this problem." Also, more inclusionary zoning with no density offsets. And more solvency from borrowers and higher downpayments. And, as an architect I object to single family homes on ethical and aesthetic grounds---particularly if they're in Arizona.