Medium - February 28, 2018 - By Andrew Dobbs
Just because they keep saying it doesn't mean it's true.
One myth still in the early stages of its perpetual repetition: housing prices are going up because there isn’t enough supply, and local land use regulation is to blame. This is likewise totally false in almost every instance, but contesting this idea really pisses people off. Regardless, we need to challenge supply-side housing economics if we aren’t going to make our current gentrification and displacement crisis even worse.
For a taste of the local housing supply legend, check out the Met Council population projections for Minneapolis here: https://metrocouncil.org/Data-and-Maps/Data/CouncilResearchProducts/Council-Forecasts.aspx?source=child
(spoiler alert - 2020 to 2040 only adds another 35,900 people to our city)