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Oct 8, 2024 · America is in the grip of a severe housing crisis. According to the Joint Center for Housing Studies at Harvard, tenants have seen rents rise 26% while home prices have soared by 47% since early 2020. Before the pandemic, there were 20 U.S. states considered affordable for housing. Now there are none.
Economists and housing experts across the political spectrum agree that restrictive zoning is one of the biggest obstacles to opportunity and economic mobility in America.
Apr 18, 2021 · Among the critical lessons: (1) reform of exclusionary zoning can make for unlikely coalitions; (2) positive messaging and framing can make a difference; (3) confronting concerns about gentrification and displacement intelligently can win support; and (4) being bold can make space for more modest reforms.
May 8, 2021 · Owning a home is a part of the American dream. It's also the key to building intergenerational wealth. But Black Americans continue to face discrimination in housing, including through higher...
- Ailsa Chang
Feb 10, 2022 · First, localism and failures of the democratic process in individual zoning decisions reinforce hostility to affordable housing. Second, judicially created doctrines impose considerable barriers preventing politically disempowered constituencies from challenging land use decisions that impede the development of affordable housing.
Generically, underdeveloped and politicized institutions are a major impediment to a well-functioning creative destruction process, and result in sluggish creation, technological sclerosis,' and spurious reallocation.
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How do politicians impose impediments to creative destruction?
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How did Schumpeter define 'creative destruction'?
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Is creative destruction a model for Social Development?
Politicians often impose impediments to the forces of creative destruction by regulating entry and exit rules [73] that make it difficult for churning to take place. In a series of papers Andrei Shleifer and Simeon Djankov illustrate [ 74 ] the effects of such regulation on slowing down competition and innovation.
