Los Angeles Affordable Housing Economics and Initiatives

I've seen many articles that seem to argue against affordable housing initiatives similar to the one recently passed by the city of Los Angeles, with the core of the argument revolving around how counter-productive it is to interfere with the free market and how affordable housing laws make the issue actually worse. I know you've touched on gentrification in the past, but what, if any, is a proper response to articles such as this? http://johnhcochrane.blogspot.co.nz/2016/11/how-to-raise-house-prices-and-inequality.html Thank you so much for the work you've done.

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  • Mr. Micawber
    published this page in Ask Prof. Wolff 2016-11-22 00:52:33 -0500