Jenny Schuetz: Who's To Blame for High Housing Costs?

Published: Feb. 24, 2020, 10:49 p.m.

b'The affordable housing crisis is affecting not just people in coastal cities like Boston, New York, San Francisco, L.A., Seattle, and Portland. The crisis is spreading geographically and rippling throughout the economy. In the midst of such a crisis, it\\u2019s natural to want to assign blame; it\\u2019s also natural to look for a silver bullet solution. But is that even possible with a phenomenon as massive (and massively complex) as the housing crisis? Is development a rigged game, open only to the largest and best-connected firms?\\nTo help us get some answers we talked to Jenny Schuetz, a fellow at the Metropolitan Policy Program at The Brookings Institution. Schuetz is an expert in urban economics and housing policy, with a focus on housing affordability.\\xa0\\nIn this episode of the Strong Towns podcast, Strong Towns president Chuck Marohn talks with Schuetz about her recent article on the factors driving up housing costs. She and Chuck discuss the role of uncertainty\\u2014both \\u201ctime uncertainty\\u201d and \\u201csuccess uncertainty\\u201d\\u2014\\xa0in the soaring cost of homes, why only the biggest developers can afford to build in some major metros, and why local housing discussions often pit the homeowner class against the renter class.\\nThey also discuss what city officials and local advocates can do to loosen the housing market in their places\\u2014including allowing the next increment of growth by right, similar to the recent change in Minneapolis.\\nThis is a masterclass on the housing crisis from one of the nation\\u2019s foremost experts.\\n\\xa0\\nAdditional Show Notes:\\n\\nRead Jenny Schuetz\\u2019s article: \\u201cWho\\u2019s to blame for high housing costs? It\\u2019s more complicated than you think.\\u201d\\n\\n\\nFollow her on Twitter: @jenny_schuetz\\n\\n\\nJenny Schuetz at The Brookings Institution\\n\\n\\nSubscribe to the Brookings Metro Newsletter\\n\\n\\nRecent Housing Articles from Strong Towns\\n\\n\\u201cWhy Are Developers Only Building Luxury Housing?\\u201d\\n\\n\\nThe 5 Immutable Laws of Affordable Housing\\n\\n\\n8 Things Your Town Can Do to Add More Housing (Without Spending a Dime)\\n\\n\\nCan We Afford to Care About Design in a Housing Crisis?\\n\\n\\nWe Used to Just Call These Houses'