Building new units is proven to push rents down – but not for the reasons you may think

www.theguardian.com

Building new units is proven to push rents down – but not for the reasons you may think

www.theguardian.com

psychothumbs@lemmy.world to

Yes in my backyard!@lemmy.worldEnglish · 10 months ago

Building new units is proven to push rents down – but not for the reasons you may think | Dominic Behrens

www.theguardian.com

Supply-centric arguments are commonly dismissed out of hand, yet research shows building expensive new homes results in lower prices at the other end of the market

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In this community, we believe in saying yes to:

Housing
Density
Public transit
Renewable energy
Alternatives to cars

Typical YIMBY policies include:

Elimination of restrictive zoning
Elimination of parking minimums, setback requirements, and other arbitrary density-decreasing deed restrictions
Elimination of Euclidean zoning
Elimination of “inclusionary” zoning
Elimination of undue red tape that gets in the way of new housing and transit development
Establishment of stronger “by right” development
Replacement of property taxes with land value taxes (LVT)
Construction of high-quality public transit w/ transit-oriented development
Road diets, with more space dedicated to bikes and pedestrians and less to driving and parking

Typical housing crisis “solutions” YIMBYs are wary of:

Scapegoating immigrants
Scapegoating airbnb
Scapegoating “foreign investors”
Scapegoating “greedy developers”

YIMBYism transcends the typical left-right political divide; please be respectful of fellow YIMBYs with differing political views. That said, please report anyone saying anything hateful or bigoted.

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