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Metropolitan DC Local Politics
Reply to "So does everything have to be YIMBY vs NIMBY now? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is a GREAT podcast on the housing debate, and why we are failing to provide affordable housing in blue states in particular. A lot of it has to do with super-strict building regulation, but a lot of it is the power of NIMBYs. https://www.nytimes.com/2022/07/19/opinion/ezra-klein-podcast-jenny-schuetz.html?referringSource=articleShare I voted Blair for jobs and public safety. I really don't care about housing. [/quote] YIMBYs are basically a libertarian, deregulation movement. Which is fine, but that’s what they are. To they extent that there is an issue with housing production, it’s not so much regulation as it is finance. After the Global Financial Crisis builders stopped building and not because they cannot, but because they are more careful now about managing supply to maximize their profits and manage downside risk. Any discussion about housing that doesn’t mention this is not an honest discussion. [img]https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F67f58fe7-36c8-44e5-acf1-d743ff499783_1017x683.png[/img][/quote] YMBY is not a libertarian movement. It is a movement that understands that the racist roots of much of the single family zoning has artificially inflated the cost of land and homes. It is a movement that recognizes that the zoning regime and historic preservation has been weaponized to maintain a classist status quo. [/quote] Both PPs are right. YIMBYism started as a libertarian movement to deregulate development and lower taxes for billionaires. It then co-opted a lot of otherwise well meaning people by promising that deregulation and lowering taxes on billionaires would lower housing prices and increase equity. The main problem with YIMBYism is that it will never deliver on these promises, so people will move on. Another problem is that it is an illiberal movement incapable of building the broad consensus necessary to do hard but worthwhile things like increasing density near train stations and jobs. Anyone who’s not for the lower taxes on billionaires AND paving farms, parks, and cemeteries is a NIMBY. [/quote]
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