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80k After Hours

Highlights: #211 – Sam Bowman on why housing still isn’t fixed and what would actually work

Jan 6, 2025
Sam Bowman, an economist and editor of Works in Progress, dives into the housing crisis in developed countries, emphasizing the powerful grip of NIMBYism. He presents innovative solutions like street votes to empower local residents and discusses property tax distribution's significant role. Sam argues that overcoming NIMBY opposition requires rethinking incentives and highlights the surprising local support for nuclear power. He also touches on the intersection of technology in public health, especially concerning obesity and food choices.
01:01:20

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Podcast summary created with Snipd AI

Quick takeaways

  • Rich countries face an under-construction crisis linked to economic stagnation, resulting in rising housing costs and societal challenges.
  • Regulatory barriers in the UK and US hinder new housing projects, exacerbating social inequalities and limiting affordable housing availability.

Deep dives

Crisis of Under-Construction

Rich countries are facing a significant crisis of under-construction, which is closely linked to economic stagnation and a decline in innovation. Developed countries, especially in the West, are grappling with a lack of new infrastructure development, hindering their ability to grow and adapt to changing societal needs. This stagnation is evident in the housing market, where a lack of construction leads to rising housing costs and exacerbates issues such as declining birth rates and public health challenges. The speaker emphasizes that the roots of this problem lie not in technological constraints, but rather in political and social incentives that discourage substantial investment and development.

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