In some left-leaning cities, middle class Americans are having a hard time affording to live there. It seems that liberal cities tend to have worse income inequality and less affordable housing than other cities. Across the country, rich, dense cities are struggling to provide affordable housing to the middle class. This is not really a surprise to me, cities have a small amount of space for housing and a large amount of people so its no surprise that the cost of living is higher in the cities where there is a high demand for housing and a limited supply of housing.
They did a study and found that liberal markets tend to have higher income inequality and worse affordability. "In 2010, UCLA economist Matthew Kahn published a study of California cities, which found that liberal metros issued fewer new housing permits. The correlation held over time: As California cities became more liberal, he said, they built fewer homes".
They did a study and found that liberal markets tend to have higher income inequality and worse affordability. "In 2010, UCLA economist Matthew Kahn published a study of California cities, which found that liberal metros issued fewer new housing permits. The correlation held over time: As California cities became more liberal, he said, they built fewer homes".
No comments:
Post a Comment