Land Use & Property Rights
What is happening? Housing Affordability is in the headlines a lot. One of the questions is how do regular home owners buy property when they’re competing with investors who are snapping up single family properties. Turns out, governments are making rules about this sort of thing. In Cincinnati, the Port of Greater Cincinnati Redevelopment Authority is selling developed property directly and it is to regular old humans who want to live there. Urban Institute Fellow for the Housing Policy Finance Center says it isn’t about who can and cannot buy property but rather making financing by regular humans much easier and more accessible to level the competition.
Why is this important? There’s going to be all sorts of approaches to this issue. Some will be via zoning, some will be via restrictions like must live on the property, and there will be others.
Route Fifty | Exploring How to Help Homebuyers Compete with Real Estate Investors
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