The housing conversation has been one of neoclassical production, and it has come up dry
Build a house in Wainfleet. Build the identical house in downtown Toronto. Bring them both to market the same day. The “housing” is exactly the same, but the house in Toronto might sell for a million dollars more than the house in Wainfleet.
In recent years, the "progressive YIMBY” (Yes, in my backyard) movement has embraced the idea that a surge in market-housing supply will magically lead to affordability.
However, all housing supply is not created equal. Despite a construction boom building thousands of new market units of multi-family supply, affordable housing remains elusive for over a third of British Columbians. The economic theory is not producing the promised housing affordability.
It’s happening: the city of Albuquerque (population 1 million) is permanently eliminating public bus fares, becoming the largest US city to embrace this critical step toward racial and economic equity. A coalition headed by Together for Brothers – a community-organizing and power-building group led by and for young men of color – made the victory possible.
The world is off track in its efforts to curb global warming in 41 of 42 important measurements and is even heading in the wrong direction in six crucial ways, a new international report calculates.
