Thanks for posting this Len.
"How would the decisions we reach in local communities change if we considered not just current homeowning voters, but also local firefighters who can't afford to live in the communities they serve, and teachers whom school districts struggle to lure, and line cooks who've been priced out of town?"
Often, the people most affected by new housing have no say over it.
A succinct, sobering post on why housing can't be a good investment and be affordable: cityobservatory.org/housing-ca...
"Wealth building [through home ownership] is predicated on a never-ending stream of new people who are willing and able to pay current home owners increasingly absurd amounts of money for their homes. It is, in other words, a massive up-front transfer of wealth from younger people to older people, on the implicit promise that when those young people become old, there will be new young people willing to give them even more money. And of course, as prices rise, the only young people able to buy into this ponzi scheme are quite well-to-do themselves. And because we’re not talking about stocks, but homes, “buying into this ponzi scheme” means “able to live in San Francisco.”
The City Observatory is a study of modern-day cities and urban development practices.