The Biggest Cause of Housing Unaffordability
I run into issues affecting housing affordability every day. The simplest and also most difficult problems are the land use and zoning restrictions that unnecessarily drive up the cost of housing and or limit or ban the construction of apartments. Some of these decisions are things such as:
1. Banning of small houses
2. Minimum lot sizes that require a large expenditure on land.
3. Banning of manufactured housing.
4. Excessive road widths and sidewalk requirements
5. Inefficient inspection processes.
6. Banning of apartments
These are not sexy issues and are often overlooked. Each one of them makes housing less affordable. Written by Paul Dribin