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This is a fantastic article. Burdensome regulations on housing construction have caused costs to skyrocket. Minimum lot sizes, setback requirements, square footage minimums, floor-area ratio restrictions, overzealous height restrictions, parking requirements, abuse of environmental reviews, historic designations, community reviews, overzealous MFH requirements (like double-stair), below-market mandates, all have worked together to constrain supply, leading to skyrocketing costs. It's the single most important economic issue for me. We need a nationwide effort to ease these restrictions, or we're just going to continue to see rents eat up more and more of young people's earnings. |