Investors & developers are motivated by profit, lower prices reduces (expectation of future) profit, so less housing will be built.
Right?
Yes, article is too wordy and lacks focus. Typical for us progressives.
OC prescribes "bottom-up" something something. I haven't read Housing Trap, so can't comment.
My prescription would be for policy makers to work with investors & developers, figure out how to make profits more stable and predictable, figure out how to institute those reforms.
I'd also consider restructuring the housing industry. eg IIRC in Germany, developers are often also landowners. So they have longer horizons for considering profitability. Seems like an obvious reform, especially considering climate crisis. Like design & build wrt total lifetime cost of ownership, so adopting passivhaus and activhaus innovations is a no brainer. (Just trying to say when landowner is also developer, they can capture more profit by incorporating better tech.)
Investors & developers are motivated by profit, lower prices reduces (expectation of future) profit, so less housing will be built.
Right?
Yes, article is too wordy and lacks focus. Typical for us progressives.
OC prescribes "bottom-up" something something. I haven't read Housing Trap, so can't comment.
My prescription would be for policy makers to work with investors & developers, figure out how to make profits more stable and predictable, figure out how to institute those reforms.
I'd also consider restructuring the housing industry. eg IIRC in Germany, developers are often also landowners. So they have longer horizons for considering profitability. Seems like an obvious reform, especially considering climate crisis. Like design & build wrt total lifetime cost of ownership, so adopting passivhaus and activhaus innovations is a no brainer. (Just trying to say when landowner is also developer, they can capture more profit by incorporating better tech.)