Burdensome regulations on housing construction have caused costs to skyrocket. Minimum lot sizes, setback requirements, square footage minimums, floor-area ratio restrictions, overzealous height restrictions, parking requirements, abuse of environmental reviews, historic designations, community reviews, overzealous MFH requirements (like double-stair), below-market mandates, all have worked together to constrain supply, leading to skyrocketing costs.
It's the single most important economic issue for me. We need a nationwide effort to ease these restrictions, or we're just going to continue to see rents eat up more and more of young people's earnings.
Burdensome regulations on housing construction have caused costs to skyrocket. Minimum lot sizes, setback requirements, square footage minimums, floor-area ratio restrictions, overzealous height restrictions, parking requirements, abuse of environmental reviews, historic designations, community reviews, overzealous MFH requirements (like double-stair), below-market mandates, all have worked together to constrain supply, leading to skyrocketing costs.
It's the single most important economic issue for me. We need a nationwide effort to ease these restrictions, or we're just going to continue to see rents eat up more and more of young people's earnings.