"Michael Storper stated, 'Not one of those assumptions stands up to the evidence,' referring to the Yimby agenda's claims about housing shortages and regulatory failures."
"Schuyler Louie highlighted that since 1900, housing construction in the U.S. has outpaced population growth, contradicting claims of a supply shortage."
"Louie pointed out that the increase in wealthy individuals moving to cities is a more significant factor in rising housing prices than supply constraints."
"Storper noted that even in optimistic scenarios, removing all development constraints might only make housing affordable for average families in 50 years or more."
A conference at UCLA showcased contrasting views on housing policy. One panel presented data arguing against the Yimby narrative, stating that its assumptions about housing shortages and regulatory constraints lack evidence. Michael Storper emphasized that economic inequality is the primary driver of high housing prices, not regulations. Schuyler Louie supported this with data showing that housing construction has historically outpaced population growth. He noted that the income gap between college-educated individuals and others has widened significantly, impacting housing affordability.
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