“the number of units converted to long-term rentals was negligible—just 1,400”
—>I clicked on the link there but I understood the numbers differently than you did here.
From the article: “under the new law, more than 1,400 property owners across the city have notified the office that they prohibit short-term rentals in their buildings.”
From what I read here, this doesn’t even mean they are converting their units for long term rentals, just that they are no longer using them for short-term rentals.
Either way, clearly the law didn’t lead to an immediate spike in long-term units available for rent.
"Zoning reform is a local answer to a global phenomenon and can, at best, be a necessary but not sufficient explanation for the global housing crisis."
IS there _a_ global housing crisis? Why should we think that one policy should be a sufficient remedy to the the "crisis" of every country?
Can we identify problems without calling everyting -- climate, affordbility, health insurance, border control ... -- a "crisis?"
Seems pretty clear by now that subsidizing demand doesn’t improve affordability. I’m curious what the favored options are for subsidizing supply. More work visas for construction workers? Lumber subsidies?
“the number of units converted to long-term rentals was negligible—just 1,400”
—>I clicked on the link there but I understood the numbers differently than you did here.
From the article: “under the new law, more than 1,400 property owners across the city have notified the office that they prohibit short-term rentals in their buildings.”
From what I read here, this doesn’t even mean they are converting their units for long term rentals, just that they are no longer using them for short-term rentals.
Either way, clearly the law didn’t lead to an immediate spike in long-term units available for rent.
"Zoning reform is a local answer to a global phenomenon and can, at best, be a necessary but not sufficient explanation for the global housing crisis."
IS there _a_ global housing crisis? Why should we think that one policy should be a sufficient remedy to the the "crisis" of every country?
Can we identify problems without calling everyting -- climate, affordbility, health insurance, border control ... -- a "crisis?"
Seems pretty clear by now that subsidizing demand doesn’t improve affordability. I’m curious what the favored options are for subsidizing supply. More work visas for construction workers? Lumber subsidies?