Vancouver housing market destroys YIMBYs


Australia’s YIMBY movement argues that if policymakers simply upzoned suburbs, thereby permitting high-density apartment developments everywhere, then the nation’s housing affordability crisis would magically resolve.

Yet a study of the actual evidence shows that Australia has had one of the highest rates of housing construction in the developed world:

Housing construction rates

Source: OECD Affordable Housing Database

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.