California has long been known to have many more people than affordable housing, which is a problem that Governor Gavin Newsom, having gone through a pointless recall election, intends to try again to solve. The situation is very similar to the pernicious obstacles to development in New York.
Median home prices in California are about $ 800,000, and only the additional supply is hoping to bring them down. In this sense, the first order established by Newsom after the recall elections is to produce duplex units in all corners of the state, to potentially multiply the number of new houses that can be produced.
The second order is based on the success of the state’s Housing Accountability Act, which allows localities to prevent the creation of new places for people to live more easily. Since last week, defenders have been tasked with beating the city of San Mateo in court in an attempt to block a 4-story housing project, managing to assert the authority of the law.
In the high-demand city and its surrounding areas, progressives who lament the high costs of housing in New York City and State, who are also those who oppose new construction and vilify the developers who take over To create them, they should look for new equally creative projects with ways to break down barriers in the city. According to a 2020 census, there are around 8.8 million people among the 5 districts, at least before the COVID-19 pandemic appeared.
Between 2010 and 2018, there was a 22% increase in the number of jobs in Gotham, while the stock in homes increased by just 4%, a somewhat larger gap between job and housing growth than anywhere else. The American city, except San Francisco.
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Final words
Existing homes are so expensive in New York that there is a huge disconnect between supply and demand, and more than 100,000 people live in basement apartments that are increasingly susceptible to deadly flooding, and about 50,000 people sleep and are housed in homeless shelters.
The only way out of the situation is to remove barriers to growth by housing more New Yorkers in the city and its suburbs. It is necessary for the rulers of both states to generate strategies and create mandates that allow them to guarantee housing to all those who have not yet managed to get one.
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