Why the Housing Crisis Won’t Get Fixed by Building Cheaper Homes
The Conversation About Housing Costs, from Cleveland to Singapore, Is Missing the Realities of Economics and Place
This time of year, the swallows return to Capistrano, and I return to my birthplace, San Francisco, for the city’s annual pre-budget finance conference. For the last few years I have kicked things off with an economic outlook for the coming year, replete with a discussion of risks. This being San Francisco, naturally, I had to talk about the high costs of housing as one of the risks to continued economic growth.
On my way home, I thought of an SAT exam-like question. One of these things is not like the …
