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by migf 987 days ago
I think this really puts the lie to the idea that market based housing is going to be good enough. It is not good enough to reduce the rate of rent inflation, as housing is already not affordable enough.

We need local and state industrial policy that actually builds affordable housing.

2 comments

As long as 'market based housing' includes existing property owners voting in people who prevent the construction of additional housing, there will never be enough housing.
This is one of those rare issues where you really should do BOTH the free market, laissez fare, deregulation approach AND the socialist, publicly subsidized housing approach.

They both work, at different ends of the market.