Among the people I admire most in the urban research business is Marjorie Turner. I was talking to her at a conference sometime within the last year, and she put a difficult question to me: shouldn't housng policy allow everyone who wants to live in Bethesda, Maryland the opportunity to do so? (Bethesda is among [...]
Does it make sense to build "affordable" housing in Santa Monica?
Economics Real Estate
Comments Off
Jun 242011
Jun 202011
This afternoon I heard a woman say with a straight face that Santa Monica is committed to affordable housing. This was after she bragged about the low density, high design standard, affordable housing that Santa Monica built. What was the construction cost for the project? More than $600,000 per unit--because each unit uses a lot [...]