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toomuchtodo 3 days ago

The US has a housing shortage [1] (~3M-8M units) that will persist long into the future due to a shortage of tradespeople [2], artificial land scarcity due to new builders constraining supply [3], etc. Upzoning and YIMBY are important components in increasing housing supply and affordability, but relocating folks closer to critical social systems (schools for families with school age children, hospitals and care facilities for seniors) versus expecting everyone to have a car or expecting school bus service when that transportation system is already reaching failure [4] [5] is also of some measurable value (imho). Remember, fertility rate is rapidly declining in almost every state [6] [7], so there should be fewer children in each subsequent educational cohort and families requiring locality near schools should trend downward over time (demographics are tricky and can change, so lots of assumptions relying on current trends as of this comment).

A potential solution is for cities and communities to issue bonds, purchase housing near schools when the economics are favorable (ie try to avoid overpaying), and hold it as public affordable housing for families (perhaps in concert with upzoning; buy adjacent parcels, demo, and rebuild as more dense multi family). Political will is the wildcard.

[1] https://news.ycombinator.com/item?id=42277358 (citations)

[2] https://www.haas.berkeley.edu/wp-content/uploads/Howard_Wang... (pages 22-23, 27 specifically)

[3] https://www.youtube.com/watch?v=VryFaFsKhVE

[4] https://www.epi.org/blog/the-school-bus-driver-shortage-rema...

[5] https://www.ncsl.org/state-legislatures-news/details/states-...

[6] https://usafacts.org/articles/how-have-us-fertility-and-birt...

[7] https://usafacts.org/articles/what-will-americas-population-...

toomuchtodo 7 hours ago | parent | next [-]

Additional citations:

Construction Capacity: America's Diminishing Housing Pipeline - https://www.governance.fyi/p/construction-capacity-americas-...

Housing Supply and Housing Affordability - https://www.nber.org/papers/w33694 ("The decline in housing affordability over recent decades has promoted an enhanced interest in housing supply. This chapter presents descriptive evidence about the evolution of us housing prices, quantities, and regulations since 1980, indicating that supply constraints appear to be increasingly binding. We then provide an overview of the various approaches used to model construction and land development for homogeneous and heterogeneous housing in static and dynamic contexts to understand housing supply. Our treatment incorporates empirical implementation and policy implications throughout. Finally, we provide an overview of quantitative evidence on the consequences of relaxing various types of supply constraints.")

cyberax 3 days ago | parent | prev [-]

> The US has a housing shortage [1] (~3M-8M units)

It doesn't. It really, really doesn't. The per-capita housing units are close to the historical highs. And per-household stats are _even_ _better_: https://fred.stlouisfed.org/graph/?g=15tRv

What the US has is the density-despair spiral going. It's creating denser and denser pits of despair in the urban centers via economic forces.

After all, what use is housing in Iowa if you _have_ to live in New York? Because there are no jobs for you in Iowa. And housing in New York will NEVER be cheap.

crooked-v 2 days ago | parent [-]

Per capita housing numbers in a country with as much empty land as the US are useless and deceptive.

cyberax 2 days ago | parent [-]

No, they are not. It indicates that the problem is not the lack of housing.