- Feb 2022
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thehustle.co thehustle.co
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“When I moved to Kansas,” Roberts said, “I was like, ‘holy shit, they’re giving stuff away.’”
This sounds great, but what are the "costs" on the other side? How does one balance out the economics of this sort of housing situation versus amenities supplied by a community in terms of culture, health, health care, interaction, etc.? Is there a maximum on a curve to be found here? Certainly in some places one is going to overpay for this basket of goods (perhaps San Francisco?) where in others one may underpay. Does it have anything to do with the lifecycle of cities and their governments? If so, how much?
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- Sep 2020
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en.wikipedia.org en.wikipedia.org
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Hanna Rosin of The Atlantic argues that prosperity theology contributed to the housing bubble that caused the late-2000s financial crisis. She maintains that prosperity churches heavily emphasized home ownership based on reliance on divine financial intervention that led to unwise choices based on actual financial ability.[36]
This is a fascinating theory. I wonder how well it plays out for evidence?
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- Jul 2020
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www.marketplace.org www.marketplace.org
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In Tulsa, evictions were a crisis even before the pandemic. (2020, June 19). Marketplace. https://www.marketplace.org/2020/06/19/tulsa-evictions-were-crisis-before-pandemic/
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- Apr 2019
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marketurbanism.com marketurbanism.com
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A home provides stability and financial predictability
Financial crisis? Only 10 years ago?
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- Feb 2015
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www.sfexaminer.com www.sfexaminer.com
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Ironically, the same colleague who has criticized Calle 24's recommendations, recently introduced similar development controls on what he calls "monster houses" being built in his own neighborhood. Free marketeers often try and stop poor communities from having a voice in development, but are happy to exchange their 'supply and demand' hat for a nimby hat when it comes to protecting their own backyard.
This is true and needs to be called out.
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Federal HUD housing and state-funded affordable projects make up the majority of our affordable housing stock, with a smaller portion built using city dollars and fees on market-rate housing. Housing advocates have said for decades that if we don't prioritize building affordable housing on San Francisco's limited land we'll face a serious housing crisis. After years of deregulation and general apathy for building affordable housing, here we are.
I think a lot of that stock was built when federal funding was higher. Now it's not. So what do we do?
Also, what deregulation?
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Free marketeers are claiming that if we build enough luxury housing it will eventually trickle down and turn into housing for the poor and middle class. This is the failed policy of Reaganomics at its worst.
The value of a unit depreciates with time (normalized for any trend in overall prices). That's a very different scenario than taxes.
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If the invisible hand of simple supply-side economics worked, then the overwhelming demand for affordability would lead developers to build housing that actually meets the needs of the majority of our residents. Unfortunately, affordable housing is difficult to build and sometimes more expensive to finance than high profit pied-à-terres and luxury apartments. In the last 7 years we've built over 23,000 luxury units, and only 1,200 units for middle class families.
The issue with this paragraph is that it assumes regulation is not to blame for the high cost of affordable housing. It may well be the case that it is.
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