Sunday , July 25 2021
Home / Managerial Econ / NIMBY zoning is hurting our kids

NIMBY zoning is hurting our kids

Summary:
Housing prices now consume 40% of the income of new home buyers. Our generation paid only 30%. The difference is NIMBY zoning. Plus density is green. Fabulous essay by Ken Glaeser on zoning: Americans who settle in leafy, low-density suburbs will leave a significantly deeper carbon footprint, it turns out, than Americans who live cheek by jowl in urban towers. And a second paradox follows from the first. When environmentalists resist new construction in their dense but environmentally friendly cities, they inadvertently ensure that it will take place somewhere else—somewhere with higher carbon emissions. Much local environmentalism, in short, is bad for the environment. ... Thoreau was wrong. Living in the country is not the right way to care for the Earth. The best thing

Topics:
(Luke Froeb) considers the following as important:

This could be interesting, too:

(Luke Froeb) writes New Unicorns suggest fast pace of innovation!

(Luke Froeb) writes the reason behind the labor shortages, soaring wages

(Michael Ward) writes Why Finding a Rideshare is So Difficult in Boston

(Luke Froeb) writes On the post-pandemic future of cities

Housing prices now consume 40% of the income of new home buyers. Our generation paid only 30%. The difference is NIMBY zoning. Plus density is green. Fabulous essay by Ken Glaeser on zoning:
Americans who settle in leafy, low-density suburbs will leave a significantly deeper carbon footprint, it turns out, than Americans who live cheek by jowl in urban towers. And a second paradox follows from the first. When environmentalists resist new construction in their dense but environmentally friendly cities, they inadvertently ensure that it will take place somewhere else—somewhere with higher carbon emissions. Much local environmentalism, in short, is bad for the environment.
...
Thoreau was wrong. Living in the country is not the right way to care for the Earth. The best thing that we can do for the planet is build more skyscrapers.
Link to Chapter 8: restrictions on housing supply (zoning) prevent supply from expanding and raise price.

Leave a Reply

Your email address will not be published. Required fields are marked *