America can solve its housing crisis by following Tokyo’s example

Wed, 10/04/2023 - 05:30

A large Japanese building in the middle of a U.S. city — What's Tokyo's secret? Liberal and centralized land-use policies that give developers a lot of power to build what they want, when they want.
Tyler Le/Insider

Cities across the US are flailing under a worsening housing affordability crisis. Superstar metropolises from Los Angeles to Miami are becoming playgrounds for the elite. Americans fleeing New York and San Francisco for more affordable lives in the Sunbelt are experiencing sticker shock. The median home price in the US has jumped 52% just since January 2020.