For Affordable Housing, Let Supply Meet Demand

For Affordable Housing, Let Supply Meet Demand

There’s a common misconception that conservatives are hostile toward affordable housing. While it’s true that the rhetoric surrounding housing and the plight of urban areas can, at times, be downright off-putting, free-market policy prescriptions are the way to make affordable housing a reality for those who need it most.

A cursory look at some of the most unaffordable cities in the country—San Francisco, New York, Boston, Chicago—shows that despite the verbal commitment to increasing affordability made by every big-city local official, their policies have worked against that goal.

Economist Jed Kolko compiled a study a few years ago with Trulia, a real estate site, looking into affordability in metro areas. Kolko analyzed 32 right-leaning metros, 40 left-leaning ones, and 20 solidly Democratic strongholds and found that “even after adjusting for differences of income, liberal markets tend to have higher income inequality and worse affordability.”

Read full article by Charles Blain on 

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