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Jonathan Hopkins

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30 June

Jonathan HopkinsKorrents 30 Jun

From one piece Some Things YIMBYs Tend To Get Wrong (and Right) 4 beliefs, in the piece's order there

korrents.com
Housing subsidies cannot scale to the size of the problem, and the YIMBYs are right to say so.

Their words

While there are certainly some benefits to these programs, YIMBYs are right to doubt that housing subsidies alone are a scalable solution to affordability challenges.

Some Things YIMBYs Tend To Get Wrong (and Right)strongtowns.org
korrents.com
Cutting development costs does not cut housing prices, because prices are set by what buyers will pay and the saving is capitalised into land value.

Their words

As is the case with most businesses, suppliers in the housing industry generally set prices based on market conditions and what buyers or tenants are willing to pay, rather than on production costs.

Some Things YIMBYs Tend To Get Wrong (and Right)strongtowns.org
korrents.com
Deregulating enough to make housing broadly affordable would mean legalising housing of the quality nobody is willing to defend.

Their words

Making housing widely affordable today through the removal of development regulations would require allowing extremely low quality housing.

Some Things YIMBYs Tend To Get Wrong (and Right)strongtowns.org

+ 1 more

korrents.com
Falling rents are the signal that makes developers stop building, so a city cannot build its way to affordability under the current supply model.

Their words

To real estate professionals, slowing growth or declines in rent are often signals to stop building new housing.

Some Things YIMBYs Tend To Get Wrong (and Right)strongtowns.org

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