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Why Can't We Build Enough Houses?
Economy & Business

Why Can't We Build Enough Houses?

The Political Economy of the Global Housing Crisis

Edward Glaeser

Economist at Harvard University, specializing in urban economics. He is the author of "Triumph of the City" and one of the world's leading experts on housing markets and urban development.

February 24, 2026·11 min read

Why Can't We Build Enough Houses?

Housing has become unaffordable in cities around the world. In San Francisco, London, Sydney, and many other cities, the median home price is more than ten times the median household income. The housing crisis is not a mystery — economists understand its causes. The challenge is the political economy of reform.

TOPICS
housingeconomicsurban planningzoninginequality
FURTHER READING
Urban Land Institute: Housing
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Brookings: Housing Policy
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OECD: Affordable Housing
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