Minneapolis has a YIMBY message for America: Build more houses and get rid of suburban-style zoning and inflation will disappear
“There is no more effective way to rein in inflation than to expand the supply of affordable housing and increase housing affordability,” says Moody’s chief economist Mark Zandi.
Hasnain says:
“Rent growth in Minneapolis since 2017 is just 1%, compared with 31% in the US overall, according to the Pew Charitable Trusts. Its share of affordable rental units and ratio of rent to income are better than most comparable US metro areas.
“There is no more effective way to rein in inflation than to expand the supply of affordable housing and increase housing affordability,” said Moody’s Analytics chief economist Mark Zandi.”
Posted on 2023-08-12T13:57:53+0000