Reply to Is there a coherent argument that loosening zoning laws will lead to affordable housing in DC?

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[quote=Anonymous][quote=Anonymous]
NYC is desirable because of the number of JOBS there. I don't generally agree with AOC on urbanist issues but bless her heart, she at least got that right in her approach to Amazon.

Also NYC is NOT building that many new units relative to its population.  Very few new units in the Bronx, in Queens outside LIC, even in large areas of Brooklyn.

Just like in DC people see lots of cranes in a few places (the places reporters and more casual observers tend to hang out) and they make assumptions without consulting data. [/quote]

To add, the price of housing in NYC has NOT been constant.  It was high in the 1920s.  The market responded with massive building.   The depression, then the post war suburbanization, reduced demand.  All those 1920s units became mostly quite affordable.   The City remained relatively cheap from 1930 to 1980 or so.  When the growth of financial sector employment took off, and NYC steadily got more expensive (this was followed by growth in media and tech) and as jobs grew faster than housing - and zoning adopted in the mid century got in the way of new supply.

Today there is considerable debate about proper zoning policy for NYC.[/quote]

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