At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.
Honesty is saying that home prices have to fall. But this is progress.
The Generation Squeeze folks have recommendations.
I haven’t been following this closely but the last thing I heard about was a big hand out to property developers, as if they need any more wealth and power and influence in our system lol
The handout is dependent on the city updating their zoning laws to make building higher density easier.
Not just easier, if we can zone an area that only has single family homes, then we can zone an area that can have minimum density requirements for each building. No paying a fine to ignore zoning or putting density in the corner of the lot only to meet requirements. We dont need these developments to be easier to build, we need to build them no matter what.