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Biden administration focuses on converting commercial properties to residential use in new affordable housing steps (www.cnn.com)

submitted 1 year ago by return2ozma@lemmy.world to c/politics@lemmy.world

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[-] BraveSirZaphod@kbin.social 10 points 1 year ago

I know you don't care about evidence, but for anyone reading who does, here's a study from Helsinki.

https://ideas.repec.org/p/fer/wpaper/146.html

We study the city-wide effects of new, centrally-located market-rate housing supply using geo-coded total population register data from the Helsinki Metropolitan Area. The supply of new market rate units triggers moving chains that quickly reach middle- and low-income neighborhoods and individuals. Thus, new market-rate construction loosens the housing market in middle- and low-income areas even in the short run. Market-rate supply is likely to improve affordability outside the sub-markets where new construction occurs and to benefit low-income people.

Turns out there may be a meaningful difference between randomly cutting taxes from businesses and building a bunch of new housing.

this post was submitted on 27 Oct 2023

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