More supply is an annoyingly long-term solution to housing costs and people reasonably doubt any given change will benefit them directly.
A potential solution from — cash payments to residents of communities that embrace more building.
searchlightinstitute.org/research/the-s
Conversation
The other day pointed to Mamdani’s synthesis as a potential response to the same dilemma.
This worked great politically, but his “rent freeze” won’t actually freeze rent for most renters which is a big implementation problem.
open.substack.com/pub/bharatrama
“Cash for supply side reform” could give immediate relief to *everyone* while supporting needed long-term change.
searchlightinstitute.org/research/the-s
has anyone tried implementing TIF districts but using them to make cash payments to incumbent residents instead of indirectly rewarding them with whatever parks the alderman decides he wants to build?
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Honestly, curious. How isn’t that potential solution also long-term, since they still have to build more housing?
tax relief for home owners is the only viable way to break the general equilibrium problem of buying property bc you perceive that closure will drive up wealth
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Tax allocation districts! Promise residents a share of increased property tax revenue!
I get it, but it’s a tough sell for immediate future homeowners. Rich getting richer sort of stuff.
Could this just drive up rents around new projects because landlords know all their tenants just got a big check from the city.
You need to make sure it is clear to people the money is being paid by the developers. People really really hate developers (decent heuristic, many are super sleazy and engaged in public corruption).
Pay people to move. Maybe the community they move to will pitch in some cash as well.
Does more supply of rental housing increases occupant ownership lol you abundance people purposely ignore this fact people wanting cheaper hosues to own is not the same as increasing supply of smaller homes they never own lol
How about we just get the Democrats out of city councils and planning boards? This is solely a problem of blue cities. Zoning is how they solicit bribes and kickbacks.