This is the introduction to an new report "The Cost of NOT Housing" authored by Joel Kotkin for the National CORE Symposium on Affordability of Housing. Download the entire report (pdf) here.
It is a commonplace view that housing does not contribute to the overall fiscal and economic condition of cities. Recent trends—both nationally and here in California—suggest that this is not the case. New housing, including affordable units, provide some direct stimulation through construction jobs, but also allow people, particularly young families, to stay, work and shop locally. Lack of affordable housing ultimately drives people, particularly the entry level and young educated, out of regions where their labor would be coveted by local companies. read more »