If we ever want to address poverty and inequality in America, we need to start with housing—most people’s greatest expense. A new report quantifies just how devastating our affordable housing shortage has become.
Kids who grow up poor have a better chance of one day not being poor if they grow up neighborhoods where everyone isn’t poor. But in some cities, affordable housing crises are making that impossible. It’s a quandary.
In San Francisco and Silicon Valley, housing is expensive and in short supply. All throughout the Bay Area, cities are discussing where the hell all their schoolteachers are supposed to live.
Hamilton Nolan · 03/21/16 04:10PM
A new report on the US housing market argues that one factor driving housing shortages is a growing gap in price between mid-tier and luxury housing (driven in part by rising incomes of the rich), which prevents homeowners from “trading up.” Dang it sounds like we need to build more housing.
Another week is here, and with it, another story about the affluent, techie-infested caricature that San Francisco has become. Hey, assholes: step one to surviving this trying time is to build more fucking housing.
Hamilton Nolan · 02/26/16 04:20PM
“A majority of New Yorkers who earn more than $100,000 a year feel they’re likely to be priced out of their neighborhood, according to a new poll.”
Creating enough affordable housing is one of the hardest political and economic challenges in the world. (If you think you know an easy answer, you’re wrong!) Here is a new piece of data that could “add to our understanding,” and make everyone mad.
Zoning laws, governing how we use our land, are often thought of as mundane drudgery, or as opportunities for civic-minded people to help “Keep Our Neighborhood Beautiful.” In fact, they can also be a powerful driver of inequality.
In many cities around the world—New York, San Francisco, London—most people find the rent to be unaffordable. Buying is out of the question. Perhaps that is because your city’s housing stock is now just another fungible financial instrument, like pork bellies.