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Explain It to Me

Housing policy, but make it British

Explain It to Me

Vox Media Podcast Network

Education, Politics, News, Society & Culture

4.47.9K Ratings

🗓️ 29 October 2021

⏱️ 38 minutes

🧾️ Download transcript

Summary

America’s housing market is failing to meet the needs of most Americans. Rents have skyrocketed, homeownership is slipping out of grasp for young and other first-time homebuyers, and policymakers have struggled to meet the moment. But we’re not alone. The UK is also facing a dire housing shortage, one that is leading to skyrocketing rents and home prices. Usually, the solution to this problem is pushing higher levels of government to step in where local government has failed, but today’s guest, John Myers, the co-founder of London YIMBY, thinks his country should go in the opposite direction: more local. References: More Housing? YIMBY, Please (Bloomberg) Strong Suburbs: Enabling streets to control their own development (Policy Exchange) Seoul searching – does the Korean capital have the solution to the housing crisis? (CapX) How Houston Achieved Lot Size Reform (Planetizen) California is ending a rule that helped cause its housing crisis (Vox) Hosts: Jerusalem Demsas (@jerusalemdemsas), policy reporter, Vox Credits: Sofi LaLonde, producer & engineer Libby Nelson, editorial adviser Amber Hall, deputy editorial director of talk podcasts Sign up for The Weeds newsletter each Friday: vox.com/weedsletter Want to support The Weeds? Please consider making a donation to Vox: bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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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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