Kelly Kenoyer, at WHQR, recently spoke with UNCW Associate Professor of Economics, Dr. Mouhcine Guettabi, about the housing crisis and how best to solve it.
Build, Baby, Build. Kenoyer asked Guettabi what he thinks will happen to housing in the coming years? “…I think that one of the things that gives me hope is that we’re seeing a lot of construction, right. And I know, people are ambivalent about seeing construction. But to me, the fastest way to solve a housing crisis is to build your way out of it.”
- Guettabi also mentioned that it wasn’t just about building but making it easier to build. “…the way you build your way out of it is to build up and to potentially remove restrictions or facilitate construction as much as possible.”
No Silver Bullet. However, Guettabi also mentioned made it clear that no matter what happens this is not a problem that can be solved in six months. “So it’s a really messy situation. And unfortunately, there is no silver bullet, there is nothing that’s going to happen in the next year or six months, that’s going to resolve the housing issue. I think that building a lot and removing zoning restrictions, to me, are the fastest ways to potentially make a dent on this question.”
