(Image by Breno Assis on Unsplash) In cities like New York, San Francisco, and Boston, housing prices and rents are high and rising.
The usual prescription for bringing down housing prices is to build more housing. On the face of it, this makes perfect sense. An increase in the supply of housing forces sellers to compete for buyers and landlords to compete for tenants. Econ 101 tells us that this will cause prices to fall. And it just might. But there’s a simpler way.
Last fall, I attended a panel discussion in which policy researcher Will Wilkinson of the Niskanen Center […]
Full Post at www.pressenza.com