Thursday, September 23, 2004

Help at Home (washingtonpost.com)

Broder is right that there is a housing problem in the US, but I think it is simpler than housing tax credits and trust funds. It's basically supply and demand. There is not enough housing in some places period. IN a place like DC or SF, there is a critical lack of supply. In DC you can't build higher than the Washington Monument. OK, that's a good aesthetic ideal, but it basically destroys the possibility of having any sort of high rise density (i.e. increased housing supply) that the market wants. It's more a thing of too much regulation and than anything else.

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