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by mywittyname
530 days ago
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I'm often skeptical of simple solutions like this. They tend to assume that the regulation causes the problem, but when looked at more critically, it's clear that the regulation is a formalization of a combination of consumer & business preference. For example, Corporate Average Fuel Economy (CAFE) regulations. If you get into the gritty details, you'll find that they have a whole bunch ofloopholes that seem to favor larger trucks & SUVs. Many people will point to these regulation as causing people to buy light trucks & SUVs, but the data seems to suggest consumers prefer to buy these vehicles and auto manufacture prefer to sell them (they are extremely profitable). I postulate that, if CAFE requirements were eliminated, the best selling vehicle in the USA would continue to be the F-series and other trucks and SUVs would continue to dominate the top 10, because the regulations are influenced by consumer preference, not the other way around. I think the same logic applies to zoning. People largely want to own single family homes (SFH) in the suburbs; builders largely want to build SFHs in the suburbs. There's no reason to believe that changes in zoning will cause a meaningful shift in consumer and business preference. In the handful of ultra expensive metro areas, sure it might move the needle because economics trump preference, but in most of the USA, there's plenty of space to build housing. It's hard to imagine a developer in Pittsburgh choosing to build housing in an industrial area in the city over some empty land on the outskirts. |
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https://www.pewtrusts.org/en/research-and-analysis/articles/...
As per econ 101, high prices are a function of scarcity relative to demand: we can reasonably claim that regulations which restrict housing development, which by their nature must increase scarcity and therefore housing costs, therefore also lead to increased rates of homelessness.
> In the handful of ultra expensive metro areas, sure it might move the needle
That's a good point, but those are exactly the places which have significant homelessness problems.
In general, this is not a housing preference issue, because opposition to upzoning does not come from people who aspire to live in single-family homes, but from people who already own them. This is a typical example:
https://www.change.org/p/whittier-neighbors-against-seattle-...
As usual with these things, the complaints include a cloud of nitpicky nonsense surrounding a central concern over "neighborhood character", which is a polite way of saying "we don't want apartment-dwelling poor people coming to live near us".