4.4 • 7.9K Ratings
🗓️ 29 October 2021
⏱️ 38 minutes
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0:00.0 | Hello and welcome to the weeds, I'm Jerusalem Demsys. |
0:16.8 | As most of you know, I write a lot for Vox about housing policy, and there's something |
0:20.0 | going on right now in the UK that caught my interest. |
0:23.3 | Here in the United States, we're facing a severe housing shortage. |
0:26.4 | A recent report by Freddie Mac estimates 3.8 million housing units are desperately needed |
0:31.4 | right now to meet demand. |
0:33.3 | How we've gotten to this point is no mystery. |
0:36.0 | In much of the United States, particularly in the places where people really need to live |
0:39.2 | for good jobs, it's illegal to build enough homes. |
0:42.6 | Not only is it illegal to build a giant apartment building in large parts of Manhattan, it's |
0:46.9 | also illegal to build small apartment buildings, quadplexes, duplexes, town homes, and even |
0:52.6 | mother-in-law suites in your own backyard. |
0:55.4 | These regulations don't just restrict the type of building, they restrict a bunch of other |
0:59.5 | things that drive up costs. |
1:01.4 | For instance, minimum lock sizes. |
1:03.4 | These cause new single-family homes to be much larger than they need to be. |
1:07.4 | It squeezes the supply of small single-family homes and makes it a lot harder for first-time |
1:12.2 | home buyers to find an entry-level house. |
1:14.9 | As a result, housing activists and experts have mostly advocated for states to step in |
1:19.1 | where localities have failed and begin taking responsibility for their housing crises, notably |
1:23.6 | places like California, Oregon, Connecticut. |
1:26.5 | They've all taken steps to enact statewide zoning reform. |
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