Wednesday, February 19, 2014

Housing Affordability at the Breaking Point - Part 3: Housing Shortage or Urbanism Shortage?

Greenwich Village, New York City. A lot of people enjoy this sort of thing.
(Source: www.

In case you hadn't yet noticed, urban living is pretty hot right now. Preference surveys show time and time again that a strong share of the overall American public would prefer to live in a walkable urban neighborhood than a suburban subdivision which caters only to the automobile. A majority still prefers suburban living, but the minority which craves city living is large and getting larger.