Why Building Affordable Housing Will Not Solve the Affordable Housing Crisis

Megan McArdle, a reporter from Bloomberg View, gives her take in two well-written articles on the pros and cons of gentrification in major cities and specifically touches on the effects it has on New York City. The first article focuses on traditional housing projects, voucher holders in rent subsidy programs, inclusionary zoning, and why rent control doesn’t actually work.

The second article gives an in-depth look on the lack of power that government has in creating more affordable housing in the face of the ever-increasing demand for more units. Ms. McArdle says that the dream of adding new, affordable units while gentrifying the way some cities (such as New York City) are, is simply just a nice, but unfeasible dream.

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