What Luxury Housing Does To Homelessness

Video Description

Chapters: 00:00 Can luxury housing do anything for homelessness? 01:39 Homelessness 09:48 Moving Chains 14:05 Housing for everyone 16:07 Skepticism 26:16 Can we do better? Housing costs– to buy or to rent– have far outpaced income growth. As a share of our income, we’re now spending more on housing than at any other point since World War II. But it seems like every time we try to build more housing it's a million-dollar condo or upscale townhouse with luxury finishes. It’s not affordable. So what actually happens when we build that expensive housing– and can it do anything for affordability? MAIN SOURCES 3:36 Charts are from the book "Homelessness is a Housing Problem" https://homelessnesshousingproblem.com/ and https://www.sightline.org/2022/03/16/homelessness-is-a-housing-problem/ 4:00 Substance abuse paper https://www.researchgate.net/publication/233885377_Homelessness_and_Substance_Abuse_Which_Comes_First 5:49 Homeless population in California https://www.businessinsider.com/california-homelessness-crisis-homegrown-unhoused-are-californians-2023-6 8:17 Economist article https://www.economist.com/leaders/2019/12/18/how-to-cut-homelessness-in-the-worlds-priciest-cities 9:31 Housing growth and Rent Increases https://www.pewtrusts.org/en/research-and-analysis/articles/2023/04/17/more-flexible-zoning-helps-contain-rising-rents 10:48 Moving chains study https://research.upjohn.org/up_workingpapers/307/ and https://www.minneapolisfed.org/article/2024/how-new-apartments-create-opportunities-for-all 11:59 Similar moving chains studies https://ideas.repec.org/p/fer/wpaper/146.html and https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4890681 16:46 Supply skepticism paper https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4266459 19:49 Supply skepticism review of studies https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4629628 24:59 Airbnb https://marketing.wharton.upenn.edu/wp-content/uploads/2019/08/09.05.2019-Proserpio-Davide-Paper.pdf ADDITIONAL READING https://worksinprogress.co/issue/why-housing-shortages-cause-homelessness/ and https://substack.com/@lucagattonicelli/posts ABOUT JUSTINE I'm a journalist with a background in economics and theater. I worked as a producer and on-air reporter at Yahoo Finance, and I later created a documentary series focused on science and tech at Real Vision. My focus now is on urban design, and I was recently elected to City Council in my hometown of Falls Church VA.