Showing posts with label urban dynamics. Show all posts
Showing posts with label urban dynamics. Show all posts

Wednesday, May 6, 2026

If your city grows faster than its historic average it ceases to be able to meet its affordable housing needs through market-based filtering

If your city grows faster than its historic average it ceases to be able to meet its affordable housing needs through market-based filtering. High-income newcomers outcompete anyone lower on the income scale for rents, forcing everyone else down a rung on the ladder, and the bottom rung falls into homelessness. Then the stock of low-income housing decreases, as the competition for homes on the higher-income rungs makes it worthwhile to fix-up depreciated homes in good locations, and then in not-so-good locations.