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by ohnomrbill
3725 days ago
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"mortgage interest deductions have a similarly terrible effect on housing... No. Scarcity caused by NIMBY land use policy is driving up housing costs. The fix is aggressive upzoning. Source: Help friends who work on affordable housing policy. This is common knowledge." Genuine question - do you mean for this to apply to municipalities that are not San Fransisco? While downtowns are getting more dense across the U.S., not every city is quite so opposed to new construction. San Fransisco is a weird corner-case in terms of housing. |
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I just read an opinion piece, which now I can't find (grrr), that argued the land-use issue needs to be solved at the state level. Their tweak to the law, which I guess is common, is to permit multi-family redevelopment every where, thereby letting the (re)developers (and the fabled market) decide. If I find the article, I'll update this comment.
As for me, I'm content with everyone properly identifying cause and effect, then acting accordingly. I don't care if SF or Seattle fixes their messes. Because if it gets too bad, people and companies will go somewhere else. So ultimately its a self-correcting problem. Alas, the lag in adjustment is painful. For instance, finding suitable housing for so many homeless. Well, okay, I guess I'm conflicted. I know I'll be fine. I have options. But for those less fortunate, ya, aggressive upzoning everywhere as needed, so should be fast tracked.