What Can Policy Do to Make Housing More Affordable? (VIDEO)
This conversation was recorded on August 1, 2019.
Concerns over whether children will be able to live in their parents' hometowns or whether renters are being displaced by gentrification are prevalent in large coastal cities. Zoning restrictions, such as minimum lot sizes, tend to be set at the city and town level. And, it is often in the interest of city and town homeowners to restrict housing supply, because it leads to house value appreciation. Michael Klein, Executive Editor of EconoFact, and Jeffrey Zabel (Tufts) discuss why it may be necessary for some policies to be set a the state level in order to improve housing affordability, and what it takes to make that happen.