The nationwide housing shortage has driven rents up more in low-income neighborhoods than in the U.S. overall, but in areas that have recently added large amounts of housing, rents have fallen the most in lower-income neighborhoods with older buildings, according to an analysis of publicly available housing data.
…The findings suggest that not allowing more homes to be built—even for high-income residents—pushes up all rents, making it harder for low-income tenants to remain in their neighborhoods.
…When not enough homes are built in high-income neighborhoods, people who would have lived in those neighborhoods can usually afford to move into middle-income neighborhoods, and middle-income residents can usually afford to move into low-income neighborhoods, but residents of low-income neighborhoods have nowhere to turn.
Honestly a really good and easy to digest read top to bottom
Posted by justbuildmorehousing
3 Comments
A really good read and a very useful new tool for your toolbox when someone bemoans gentrification as a reason to oppose new builds. If you do not build more new housing, it hurts the lowest income brackets the most
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