A different take on America’s housing crisis
We discussed America’s affordable housing crisis in mainly economic terms. Demand is too high, supply is too low, therefore role back regulations on land-use and zoning and allow the market to work. As Fisher put it, if cities start “allowing townhomes and duplexes and places that were originally single-family homes to be redeveloped into 20 unit buildings, I think you would see the market take care of itself.” This answer came in the context of San Francisco, infamous among US cities for its cost of living, which economists see as a major drag on growth: excessive costs keep people from moving to these cities where they’d be far more productive. But a previous podcast guest, Joel Kotkin, offered a much different opinion when we discussed this topic.