New MIT study suggests the Yimby narrative on housing is wrong
Higher density leads to higher prices, not more affordability, a review of an upzoning experiment in Chicago shows.
The Yimby narrative – that higher density in US cities will bring down housing prices – doesn’t work in real life, a dramatic new study from an MIT doctoral student suggests.
In fact, the study, released today, shows that – at least in Chicago, where author Yonah Freemark complied the data – upzoning for greater density leads to increased housing costs.
There’s no evidence in the study that allowing greater density in areas close to transit actually leads to more construction – certainly not to the construction of affordable units.
Affordability in the areas where the city allowed increased density declined, he reports.
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