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When Housing Is for Locals Only, the Whole Country Suffers

“Exclusionary zoning harms the entire nation,” the editors of Bloomberg write. “It relegates the excluded to places with little opportunity and unhealthy living conditions. It aggravates global warming by redirecting population to car-dependent exurbs and relatively energy-intensive locales in the South and Midwest. It makes house prices and rents in desirable locations unaffordable for the typical family — which, in turn, stunts economic growth by preventing people from living where their talents can best be applied.”

These are excellent points, to which we would add another: it prevents new housing from being built America’s most climate resilient regions. Densifying existing cities is not enough — they can’t absorb all of the millions of new units necessary, when water supplies and other stresses are taken into account.

Which destinations have the right combination of affordability, sustainability, and amenities for tomorrow’s generations, and how do we begin clearing the ground for them now?

Climate Alpha’s suite of tools — starting with our Resilience Index™ scores for every U.S. county and our Climate Price™ risk-adjusted real valuations — help investors target the pockets of opportunity where it’s right to build. And where they have the right to build. Visit www.climatealpha.ai to learn more how our tools can help you navigate the intersection of economics, climate, and policy.

#nimbyism #yimby #zoning #resilience #affordability

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