Dec. 13 (Bloomberg) -- On many economic issues, such as the
minimum wage, there is a trade-off between freedom and equality.
When it comes to San Francisco’s high housing costs, however,
libertarianism and egalitarianism are on the same side. And San
Franciscans who are angry about these costs should be fighting
for less government -- or at least for more freedom for
developers -- because the surest way to a more equitable housing
market is to reduce the barriers to building.
Life is harder for U.S. renters in general, as a new report
by my colleagues at Harvard University’s Joint Center for
Housing Studies shows. The number of renters is increasing and
rents are rising steeply in professionally managed apartments,
as public housing assistance is reduced and renters’ income has