As booming demand to live and work in the most sought-after cities runs into not-in-my-back-yard (NIMBY) restrictions on new housing construction, the ideas of Henry George are getting back into the conversation. Who will invest in civic amenities, even the most basic, if their effect is to cause rents to rise even further? [Tyler Cowen, Bloomberg; related and more on New Zealand cities where strict controls on building have contributed to unaffordable prices]
Related: “Why Is Japanese Zoning More Liberal Than US Zoning?” [Nolan Gray, Market Urbanism]