Friday, December 13, 2013

Affordable Housing

Land use and building code regulations increase the cost of building housing. That's not to say all such regulations are bad, but it should be acknowledged more than it is. I think Philadelphia just passed a regulation requiring all new residential construction to have fire sprinklers. Is that a good regulation? I really don't know. But it does add quite a bit to the cost of construction, and therefore it adds quite a bit to the cost of housing.

The other thing that adds to the cost of building, especially in areas with high land prices, is, of course, minimum parking requirements.