Question

3. You work for LMC Residential, Inc. as a local government interface specialist. Your primary job is to overcome local regulations which limit your ability in “creating extraordinary living spaces” in multi-family markets. Most immediately, you will be meeting with the local government housing authority executive director concerning your proposed luxury development. You happen to know the she was an economics major, and fluent in supply and demand arguments. Use Noahopinion, “Yuppie Fishtanks: YIMBYism explained …” (2018) and then draw the supply and demand to help you:

a. Show using a well labelled supply and demand sketch that nearby working class neighborhoods should see rents go down with your proposal. Include a three sentence summary of the argument.

b. Show using a well labelled supply and demand sketch that yuppies may or may not see rents go down with your proposal, but at least it will help with regional traffic congestion. Include a three sentence summary of the argument.

c. You expect to be asked to contribute to an affordable housing fund. Sketch the supply and demand logic behind this expected ask, and explain in writing how this fund could improve on a lack of affordable housing in the community in which you are looking to build.

d. At the meeting the housing authority director looks at you and says, “this is all well and good” but it increases segregation of all types. Respond to this critique in 3 sentences.

Answer 1

YIMBYism is the idea that cities need to build more housing in order to relieve upward pressure of rents. YIMBYs tend to get into fights with progressive about market rate housing,it is an important component. first of all supply & demand is a simpilstic model. location is crucially important in urban areas, if houses supply will increase the rent will decrease,&the demand of houses become more.

HENCE demand & supply are affecting nagativly to each other.