YIMBY cities show how to build homes and contain rents
But to take full advantage of deregulation, Austin and Auckland need other changes
Houses in Bouldin Creek, a neighbourhood in Austin, Texas, are cavernous, but occupy only a fraction of their plots. Rules known as the “McMansion ordinance”, intended to preserve the area’s character, ensure there is space between them. Architects must squeeze the design of a new home into an imaginary tent rising five metres from the plot’s edge, then angling in at 45 degrees. The rules seek to prevent sprawling developments from replacing small houses. Instead, the cost of complying with them has ensured that only large, expensive homes are viable.
This article appeared in the Finance & economics section of the print edition under the headline “Yes, please”
Finance & economics July 20th 2024
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- Why investors have fallen in love with small American firms
- At last, Wall Street has something to cheer
- Japan’s strength produces a weak yen
- China’s leaders face miserable economic-growth figures
- YIMBY cities show how to build homes and contain rents
- Americans are wrong to wish for an era of stable bipartisanship
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