Earlier quoted context omitted.
> pushed the housing crisis into more housing markets. FWIW I prefer density but isn’t this good? The reality of yesterday was too few zip codes with too much demand and not enough good will to increase supply. Instead we now have a lot more zip codes that can make decentralized decisions about building more housing. Hopefully they vote for more development and use it as a way to stimulate jobs in their local constru…
The new zipcodes face the same economic incentives to restrict supply. Property owners want to see their holdings increase in value and generally have more political power. I don't see any reason why the new hot markets are going to do anything different from the old hot markets. Perhaps some will, but renters and potential homeowners will get priced out of more markets
People just don't think in that long a timeframe but there are localities which do and hopefully it works for them and we all get to learn the timeframe for benefits (or the lack of benefits) from such a change.
https://www.theurbanist.org/2020/08/12/portland-passes-sweep...