Reply to We need homes. A lot of homes. Not just affordable, but also middle-income homes.

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Reply to "We need homes. A lot of homes. Not just affordable, but also middle-income homes."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Wow, look at what I discovered about housing policy and zoning in DC.

This one thing explains everything.

Sharon Pratt Kelly (91-95): YIMBY
Marion Barry (95-99):  YIMBY
Anthony Williams (99-07): NIMBY
Adrian Fenty (07-11): YIMBY
Vincent Gray (11-15): NIMBY
Muriel Bowser (15-present): NIMBY

[img]https://i.ibb.co/YkGy5dd/E61-D9-C6-C-0853-4-F70-9-A5-B-AEC580599357.jpg[/img][/quote]

Is this a joke? The housing bubble popped in 2007, which is why housing prices went down -- not just in DC but basically everywhere. [/quote]
It is a joke to point out how ridiculous the premise that zoning is somehow the main reason why real estate and hence housing is expensive.

Marion Barry obviously was not a YIMBY hero helping to increase supply to keep prices down. Similarly Bowser is not a NIMBY villain whose housing policies are driving up prices.

It’s obviously a situation much more complicated that more supply = lower prices, that gets continually peddled. A big part of that story, as you point out is obviously macroeconomic conditions. Financialization of the sector is another major contributor, as well as the related favorable rate environment. Mortgage rates never get factored into these discussions about price/cost and it would probably be better to compare on an average PITI basis, adjusted for inflation, which is a much more true metric of “affordability” than people balking at how much things cost. [/quote]

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