Build, Baby, Build!

Looking at things from the unaffordable left coast, I think Krugman is right on. The mix of inequality-induced demand for urban amenities coupled with a slow supply response is driving the 90% out of our most desirable cities. Getting pissed at hipsters and Google buses may feel good and righteous, but only more housing units will ultimately solve the problem. That includes more affordable housing, but more luxury housing too.