
America’s housing was built for a world we no longer live in
I never understood the obsession with what private actors do with their own property.

I never understood the obsession with what private actors do with their own property.
Think about what the alternative is. What is the inverse of NIMBY? Like if you have a crack den, meth lab, or low income public housing project, what are you supposed to say?
“In my backyard! Yes please!”
Taking pride in where you live is important and we need to have the NIMBY attitude quite frankly. With a “please yes in my backyard” attitude you will just turn nice places shittier. And lower everyone’s property values.
The SF Fed's "Supply Constraints" Finding (February 2026)
The Federal Reserve Bank of San Francisco just published a paper showing that across US metros, housing units have grown faster than population -- even in expensive markets. Supply elasticity doesn't explain price differences between cities. The Fed found that it's average income growth -- driven by high earners -- that tracks house prices, not supply constraints. Adding units doesn't lower the floor when demand is being driven by the top of the income distribution, not the median.
The LSE International Inequalities Institute Paper (January 2026)
In a working paper titled "Inequality, Not Regulation, Drives America's Housing Affordability Crisis," researchers from LSE, UCLA, and NYU confirmed that deregulation is a trickle-down fantasy. Through empirical simulation, they showed that even a massive expansion of market-rate supply would take decades to generate widespread affordability in high-cost US markets. The problem isn't a constrained market -- it's rising inequality concentrating demand at the top.
The "Abundance for Who?" Report (Georgetown Center on Poverty and Inequality, February 2026)
Georgetown researchers analyzed new housing construction in six high-growth metros -- Atlanta, Dallas, Houston, Phoenix, Seattle, and DC. Their finding: new housing mostly served moderate and high income households. The share of units serving lower-income renters decreased or stagnated, and rents rose fastest for the poorest renters. Supply grew. Affordability for the people who need it most got worse.
The Land Value Trap (Patrick Condon, Broken City, 2024)
UBC professor Patrick Condon's research documents what he calls the core problem with upzoning: when you rezone a parcel for higher density, you don't make housing cheaper -- you make the land more valuable, because developers can extract more profit per square foot. That land value jump filters through to surrounding parcels and pushes out small businesses and lower-rent tenants. The speculative premium eats any affordability benefit before a shovel hits the ground.
Upzoning Raises Property Values Without Adding Supply (Yonah Freemark, Urban Affairs Review, 2020)
Freemark's peer-reviewed study of Chicago upzonings found exactly this dynamic in practice. In the short term, upzoning produced significant, statistically robust increases in property values -- including for existing residential condos in the area. What it didn't produce: any measurable increase in new housing permits over five years. Upzoning signaled to every landowner that their parcel was now a development asset. Prices went up. Supply didn't.
The Bottom Line:
We are being sold a "simple story" that any new building here will lower rents because it is incredibly profitable for institutional REITs and developers. But as these 2025 and 2026 studies show, adding high-end density doesn't "soak up" demand—it induces it. It resets the price floor for every slice of pizza and every studio apartment in a two-block radius.
Real affordability comes from protections and public investment, not from the "trickle-down" crumbs of a 26-story luxury tower or bailout failed lab projects
Primary Sources:
SF Fed / Fortune: The Housing Crisis and Income Inequality (2026) https://fortune.com/2026/02/07/housing-affordability-crisis-home-prices-income-inequality-supply-growth-population/
LSE: Inequality, not regulation, drives affordability crisis (2026) https://ideas.repec.org/p/ehl/lserod/131070.html
Georgetown: Abundance for Who? Report (2026) https://www.georgetownpoverty.org/issues/abundance-for-who/
Patrick Condon: Broken City & Land Speculation (2025) https://www.ijurr.org/book\_review/broken-city-book-review/
Hey everyone,
We're hosting a Marin YIMBY happy hour and would love to meet more people who care about housing, affordability, and the future of Marin.
📅 July 2
🕠 5:30–7:00 PM
📍 Joinery, Sausalito
300 Turney St, Sausalito, CA 94965
No speeches, presentations, or membership requirements—just a casual chance to meet people, talk about what's happening locally, and enjoy a drink by the waterfront.
Whether you're deeply involved in housing policy, housing-curious, or just looking to meet some new people, feel free to stop by.
Hope to see some of you there! 🍻🏡
What do y’all think about the proposal? https://realestateinthedistrict.com/exploring-land-based-property-tax-a-proposal/
Submission statement: New York City’s Rent Guidelines Board approved a rent freeze for rent-stabilized apartments, aligning with a first-generation rent-control model. While this provides short-term relief for tenants, it poses long-term risks to the city’s housing market. The freeze could lead to deteriorating building conditions, reduced investment in housing quality, and a two-tier housing system that disadvantages newcomers and those needing to relocate.
I worked with Joe Minicozzi of Urban3 to go through the math-- per acre, dense neighborhoods (including poorer ones) tend to be the ones subsidizing low density sprawl. The low density sprawl couldn't be sustained financially if not for the apartment buildings.
Curious if anyone else here has run into the same "apartments are a drain" argument, and how you respond to it…
Submission statement: Vancouver, facing a severe housing crisis, is witnessing a unique development on Squamish land. Freed from city regulations, the Squamish are building Senakw, a dense residential neighborhood with 6,000 homes, challenging Vancouver’s restrictive housing policies. This project, led by Squamish leader Khelsilem, aims to provide much-needed housing while promoting urban density and sustainability.
Paywall: https://archive.ph/ayWCs
Hi everyone! Longtime YIMBY and lurker on this subreddit. I live in Montgomery County, MD. Last week, we had a fairly contentious county executive election where the key issue was affordability (surprise! The candidate considered the heir to the current NIMBY CEX won). I think it’s safe to say that the cost of living here in MoCo and across the DMV is unsustainably high.
This is especially the case with housing costs.
However, one aspect of this issue that both bewilders and yet fascinates me to no end is the disconnect between what people want and what actually needs to be done.
Here’s what I mean. One of my toxic hobbies is following local real estate channels on social media and oogling at the listings. Oftentimes, these videos are filled with the same few comments and variants of them: “that’s not worth X” or “That’s overpriced”. Mind you, this is for single-family homes. God have mercy on you if you venture onto posts about townhouses, where people reserve their worst scorn for. Some choice comments for these posts I’ve seen include “Any townhome over 500K is just waste, fraud and abuse” and perhaps tellingly: “I don’t want a half a million dollar town home. I want a single family home.” Still others bemoan the construction of new townhouses entirely, saying it should stop because “no one wants them” in some cases, saying there’s already too many people here. We’re full! It’s also not just older people saying this - it’s often people my age (I’m 31) and younger.
In some cases, the OP will respond asking these folks how much they think these houses are worth, receiving responses like “no more than $200k” or thereabouts. Sometimes they will try to explain this is just what the market is like right now, to blind eyes.
This attitude is something that I have seen among my friends and family members as well. I don’t mean to insult or demean them or our fellow residents. But it is quite shocking to me how many people can’t seem to connect the dots - housing is expensive because, despite all the issues we have here, we live in an overall highly desirable area with jobs, good schools, health care access, and so on. People want to live here! Consequently, when people can’t afford to live here, people leave, increasing the tax burden on those who remain, budget cuts, and so on, creating a negative feedback loop.
Other cities across the country (notably Austin) have shown us that you can lower housing costs by building more. It’s not rocket science. But there’s a tremendous unwillingness - a stunning lack of imagination even - from so many to entertain such a notion. Part of it might be cultural. So many grow up under the notion that accomplishing the American dream means having a big SFH with a yard and garage. Density is almost a swear word for many. Another reason might be similar to the concept of temporarily embarrassed millionaires - why advocate for building more apartment buildings, condos, and townhouses when you want a SFH?
The growing acceptance of YIMBY ideas shows there’s been progress made. Still, much work remains to be done. I’d be curious to hear from folks how we can overcome these barriers and help increase understanding of these issues.
My friend and I were arguing about this and he said that the housing market is not as competitive as it appears. According to him, Landlords often leave units vacant or offer months of free rent instead of lowering advertised rents because lower rents can reduce a building’s appraised value, limit access to financing, or affect loan terms. In addition, he said the RealPage litigation alleges that many large landlords used shared pricing algorithms and nonpublic data to coordinate rent increases, potentially reducing competition. If landlords can both coordinate pricing and strategically restrict supply to maintain higher rents, then rent freezes may be more justifiable as a response to these market distortions according to him.
I think Michigan has a real chance to legalize ADUs this session. Let's hope the budget talks don't derail the progress.
For the first time, in...I think...ever? I have to say the phrase "thank you Speaker Johnson"
But here we are. He's not holding the bill back from being formally submitted to spare Trump from having to make a decision. He's actually acting.
Now Trump has 10 days, not counting Sundays, to decide on whether to sign, to veto, or to leave it blank.