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by brailsafe
529 days ago
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True, on all points, but it wasn't just him, it's been a decades long process of multiple parts of the economy failing imo. One does wonder though how things would be if we simply cancelled zoning and other needlessly bureaucratic development restrictions in the 80s, and enabled automatically correcting policy that was outside the hands of both property owners and politicians. Every time I see an anti tower sign in east van it makes me want to throw a rock through that person's window, and the fact this tension exists on a local level is ridiculous. |
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Minneapolis abolished the single-family zoning and parking requirements in 2018. And it worked, developers swarmed the city like vultures attracted to carrion.
Madison did no such nonsense.
Can you guess the impact of these policies on housing costs?
The house price growth in Minneapolis _accelerated_, just like in the nearby Madison. Here are the price growth charts: https://fred.stlouisfed.org/graph/?g=1COwL