SustainableCities: Affordable Housing: Geography of Supply and Demand

In response to my post “Illusion of Local: Why Zoning for Greater Density Will Fail to Make Housing More Affordable ,” land use planner Reuben Duarte retorts with “Why Foreign Money Is Irrelevant to Increasing Density .” The controversy concerns scale of demand. Does it matter? Duarte posits that scale is irrelevant to market forces. The market (suddenly imbued with agency) is agnostic about the geography of demand. Yet supply, in the form of greater density, geography is paramount. I’ll start with the geography of real estate supply. One could drive until the household qualifies for a mortgage. The willingness to migrate for affordable housing considerably expands the geography of supply. The result is sprawl. Sprawl bad. The push for greater density is normative, a geographic fetish. Expanding the geography of supply is not OK. Suddenly, the real estate market doesn’t lo...

Full article: http://sustainablecitiescollective.com/jim-russell/282811...

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Affordable Housing: Geography of Supply and Dem...

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Casa Futebol Architects Want to Turn

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inhabitat.com 14 Jul '14, 1pm

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stproperty.sg 17 Jul '14, 6am

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