What Americans call a “housing affordability crisis” is really a mobility crisis — economic, geographic and social. Housing is where that immobility becomes most visible, and so expensive housing is more a symptom than the disease.
That’s from a new book by historian and Atlantic journalist Yoni Appelbaum called “Stuck: How the Privileged and the Propertied Broke the Engine of American Opportunity.“
In healthy economies, including for much of the American golden age, people move to better jobs, cheaper places, growing regions. In the US today, people are increasingly trapped in place. When people can’t move, demand piles up in a small number of “winning” metros. Prices explode there, while other places stagnate or hollow out. I’ve written on the topic this year myself here and here.
Appelbaum’s book recounts the long trends that are piling up today. He recounts how American zoning regulations were introduced for race and class control, not for genuine health or safety concern. Early 20th century leaders, including eventual-US President Herbert Hoover, misunderstood crowded tenements and single-family homes as the obstacle and the accelerant, rather than what they really were: the launching pad and the eventual destination for those who made it out.
That history has persisted to today, where regulation and competing priorities strangle what might naturally occur. As famed mid-century urbanist Jane Jacobs said, over-planning a community is “attempting to substitute art for life”
Below I have notes for my future reference from Greenbaum’s detailed book. It’s wonky, and less colorful than I expected, but for anyone invested in the topic, it’s worth it.
Continue reading The “housing affordability crisis” is really a mobility crisis

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