‘Build More Housing’ Is No Match for Inequality

According to Storper and Rodríguez-Pose, the notion that an insufficient supply of housing is a main cause of urban economic problems is based on a number of faulty premises. For Storper and Rodríguez-Pose, the rising spatial inequality between cities and metro areas stems from different kinds of economies that distinguish different kinds of cities, not from differences in housing costs. “Planning deregulation and housing costs are neither going to solve the problem of areas lagging behind, nor are they likely to have an impact on the economic development of dynamic cities,” Rodríguez-Pose and Storper write.

Source: www.citylab.com