America’s housing supply was built for a world we no longer live in. But what will replace it?
As the nation turns 250, that is one of the most important questions we face in the coming decades. Building enough homes, of the right kind, and in the right places is a prerequisite for economic opportunity and growth. Our crippling housing shortage is upstream of many of the problems that ail the US, from our cost of living and increasingly zero-sum politics to our seemingly intractable national bad mood.
The root of the problem is that the United States governs housing under a nearly...
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