Home News From rampant homelessness in San Francisco, Calif., to skyrocketing prices in Sa

From rampant homelessness in San Francisco, Calif., to skyrocketing prices in Sa

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From rampant homelessness in San Francisco, Calif., to skyrocketing prices in Sa

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From rampant homelessness in San Francisco, Calif., to skyrocketing prices in Salt Lake City, Utah, and bidding wars in Spokane, Wash., the United States is in the throes of a housing crisis. Economists tend to say the root cause is development restrictions limiting new construction, especially of smaller, more affordable housing. As two partners in a wealth management firm put it on CNBC.com late last month, “There has simply been a large mismatch between the supply of and demand for housing, and the mismatch is especially pronounced for lower-priced, entry-level homes.”⁠

But what if the homeowners who these rules are intended to protect would rather see them loosened? That’s the finding of a survey released Monday by Zillow, the real estate listing website. Zillow surveyed more than 12,000 people in 26 U.S. metro areas and found that large majorities support allowing construction of some denser housing in residential neighborhoods.⁠

Sixty-one percent of respondents said they would support the construction of duplexes and triplexes and 61% said they would support “accessory dwelling units” (known as “ADUs” for short), like an apartment over a garage. In total, 77% said they would support either ADUs or duplexes and triplexes, including 84% of renters and 73% of homeowners — the group most likely to oppose new construction as it could lower their property value.⁠

In a sign that the rising cost of living has had some effect on attitudes, the percentage of people who agreed that “homeowners should be allowed to convert their homes to add additional housing units” increased from 57% in 2019 to 64% this year.⁠

The cities included in the survey varied from high-cost areas such as New York, San Diego, San Jose, Washington, D.C., Boston and San Francisco, to low-cost ones such as Detroit, St. Louis, Las Vegas and Phoenix.⁠

Read more at the link in our bio.⁠

✍️: Yahoo News⁠
📷: David Paul Morris/Bloomberg via Getty Images

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4 COMMENTS

  1. This is what happens when United States CONSTANTLY imports immigrants. It creates economic hardship For the middle class and the poor. 2021 alone over 2 million immigrants entered the United States through the southern border. where are they living? Are they working? Are they paying taxes? Are they following the rule of law? Its economic Lunacy to constantly import immigrants when high paying jobs and housing is scarce!!! I have no problem with immigrants coming to the United States legally, being responsible working immigrants. But I do not approve of constantly allowing anybody and everybody into our country it’s 100% wrong!

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