In City Journal, Ramon Maislen explains that solving a housing affordability crisis – New York City’s in this case – depends on driving down the costs of bringing new units onto the market. Civic governments can’t control interest rates, but they can cut red tape, local taxes and constraints on construction companies. “If we want lower rents,” Maislen observes, “we need more housing. And if we want more housing, the math needs to add up for the people who build it.”
Yay Brexit!
Brendan O’Neill in Spiked enthuses that Brexit is superior to just about anything else in the world. “There should be street parties” on the 10th anniversary of the popular vote to withdraw from the EU, he writes. “Let the bells peal for that momentous day when in our millions we said No to globalism.” The continuing surfeit of saboteurs and naysayers among Britain’s “idiot elites”, O’Neill snorts, are gripped by Brexit Derangement Syndrome.
