The two stated pillars of American housing policy are fundamentally at odds”

Daniel Hertz for City Lab:

In other words, possibly the only thing worse than a world in which homeownership doesn’t work as a wealth-building tool is a world in which it does work as a wealth-building tool.

This also means that the two stated pillars of American housing policy — homeownership as wealth-building and housing affordability — are fundamentally at odds.

I think that Hertz has it backwards; people are in fact better off when home ownership builds wealth. Nevertheless, the thesis that housing policy mandates are contradictory is incredibly insightful.

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May 3, 2019 · Daniel Hertz · city · City Lab · gentrification · housing

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