Chicago Tribune, February 13, 2016: (Op-Ed) The poor are better off when we build more housing for the rich
“New housing, these voices fear, will only turn affordable neighborhoods into unaffordable ones, attracting yet more wealth and accelerating the displacement of the poor. And so protesters rally against new market-rate apartments in Oakland. Politicians propose halting construction in San Francisco’s Mission District. Economists typically counter with a lesson about supply and demand: Increase the sheer amount of housing, and competition for it will fall, bringing down rents along the way to the benefit of everyone.”