In this episode, we are joined by Sam Bowman to talk about the housing theory of everything, the slowdown in science and technology, the long term economic future of the UK, and a whole lot more.
Upzoning helps with optimal density but does virtually nothing to address prices. If building more housing made housing affordable then China would be very cheap by now. In a credit boom, like the US 2002-6 the problem was over supply not under. Upzining does not remove distortions of credit. Building more also doesn't address gross overconsumption of existing stock, I've personally seen housing near me here in London held vacant for years whilst ostensibly owner occupied for tax purposes (prime residence excluded from CGT). YIMBY's, even one's who are moderately favourable to LVT like Bowman don't really get it tbh.
