Hide and Seek: City’s Consultant Warns Don’t Interpret Residual Land Value “Literally”
The City has stubbornly resisted telling anyone how they intend to implement their version of Mandatory Inclusionary Zoning (MIZ), something they call Mandatory Housing Affordability – Residential (MHA). Some of the furtiveness comes from the fact that City staff are truly making stuff up as they go using guesses and back of the envelope assessments. […]
Has Seattle Reached its Emotional Limit on Growth?
Danny Wesneat has a mixed record on writing about growth in Seattle. His most recent column, “Seattle’s latest growth industry: bemoaning what’s been lost,” has the following paragraph: But I do wonder: When we’ve taken to memorializing even the loss of our grocery stores, maybe the pace of change has pushed us to some sort […]
Again and Again: MIZ Raises Housing Prices to Fund an Inefficient Subsidy System
Here I go again. Mandatory Inclusionary Zoning (MIZ) is an inflationary intervention in the housing market that simply adds what amounts to a unauthorized tax to new housing and commercial space. The money generated from the tax will end up being poured into a grossly inefficient system of subsidized housing production that will create very, […]
