Browsing Tag: Housing Regulations

Since the housing crash over 10 years ago, America has not built nearly enough housing units which of course has constricted supply and forced home prices much higher. If you’re a property owner, you’re probably very happy about that. If you are someone looking to purchase property, this has not been a fun time.

There is so much capital floating around out there that it’s easier to create new jobs than it is to build more housing. Cities need to start to rethink their zoning regulations to allow for much greater density and to allow new thinking in housing options. For example, in Minneapolis, they no longer have single family zoning. In any area in Minneapolis where there is an existing family house, it can now accommodate up to 3 units. I think this is a good start but will need to see that number raised to something like 8 units per acre. There are many large suburban homes that could be carved in it rentals and allow multiple different, unrelated tenants rent rooms in that house.

It’s time to take a fresh look at zoning in cities and suburbs all across America.