Pretty soon we’ll have something like a decade of experience in losing our innocence about housing affordability. Isn’t it about time we got over it?
For a good part of the last century, we trained generations of housing consumers and housing enablers to buy and sell into what Chuck Marohn calls a “growth Ponzi scheme.” It was fun while it lasted, allowing a lot of us to postpone paying the tab for our delusions to some unspecified date in an imaginary future. Then we got to the real future.
The good news about making the redevelopment of American neighborhoods more responsive to 21st century American needs is that we seem to have a pretty good grasp on the problem:
