A 2014 Op-Ed by Glaeser: https://www.nydailynews.com/opinion/build-big-bill-article-1...
The writer clearly did not look at housing trends in Manhattan (where I live), Boston, DC, Seattle, SF, or (parts of) LA.
If he had domain expertise or actually read something by a domain expert like Glaeser, the author had the opportunity to communicate correct information.
That information is that because of Democratic City Councils (NYC, Boston, DC, Seattle, SF, LA), that have artificially created in scarcity of land primarily through zoning density restrictions but also through overuse of historic landmark status, overregulation, and more that cost of housing is very high.
Japan solved the problem by having federal laws that override zoning density restrictions in Tokyo. The result: in 2014, 20,000 housing units built in NYC, about 90,000 for all of California, and 140,000 for Tokyo.
Honestly, it takes little time to read domain experts like Glaeser and to report the law in Japan used to fix the housing shortages caused by local government.
Yet, for reasons that I don't understand, people (I guess are too lazy) to actually spend a short time investigating the problem.
He is an expert on cities. I live in NYC and much of Manhattan is low density (4 story brownstones). It may not be building 100,000 apts. per year, but it would be far, far greater number than what is being built today.
https://www.amazon.com/dp/0199926514/
Harford also as a book on macroeconomics, "The Undercover Economist Strikes Back" https://www.amazon.com/dp/159463291X/
Harvard Economist Eduard Glaeser is an expert on cities and he will help to explain (as does Harford) that the reason for the high cost of housing in NYC, London, SF, SD, LA, DC, Boston, and other cities is because of "economic rents" which is a market inefficiency that in this case uses politics to create artificial scarcity in housing through zoning density restrictions. These economics rents benefit landlords by transferring wealth from apartment renter to landlord.
Glaeser: Build Big Bill: http://www.nydailynews.com/opinion/build-big-bill-article-1....
Glaeser book: "Triumph of the City" https://www.amazon.com/dp/0143120549/
This has been answered by the field of economic geography; if you keep asking the question, read Glaeser's Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier for a definitive answer (https://www.amazon.com/Triumph-City-Greatest-Invention-Healt...).
Cities have an incredible property in that they have "increasing returns to scale" - they make their residents more productive the larger they grow. [1] A 72M person NYC would be the most productive city in human history.
Now that may require the city government to improve the productivity of trash collection, and the subway - but those are great things to improve! And such a city may not be efficiently served by cars - so bring on the electric bikes!
Every day that a 72M person NYC does not exist, is a day that roughly 72M people are being robbed of the life they could have. Please recognize that denying the efficiencies of agglomerations has real world consequences!
[1] https://www.amazon.com/Triumph-City-Greatest-Invention-Healt...