Until the Cows Come Home: Soaring Rents Should Mean More Housing
The Seattle Times headlined its Sunday edition with a story about “soaring rents” in Seattle. If we, as a city, decide that rents are too high, there is a solution: build more housing. But the article entertains the bizarre notion—all too commonly held by policy makers and others—that somehow building more housing increases price. Here’s […]
The Case for Increasing Housing Supply, Choice, and Diversity
Last week I posted at the Seattle Transit Blog about a report that’s gotten a lot of attention in the media. The researchers analyzed lots of economic data and found that when people with different levels of incomes live more closely together, those with lower incomes tend to do better in the long run; in […]
Seattle Times: Fewer Rules, More Housing
Affordability is a relationship to price, a relationship that is conditioned by a person’s income and expenses. This dependence on income and expenses is just as true for food as it is for housing and other of life’s essentials; the less money we earn, the more money we spend, the more expensive and less affordable […]
