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Opinion
Eduardo Porter

The US Should Bribe Homeowners to Accept Greater Density

The trouble is, the amount of money required would be astronomical.

America needs more of this.

America needs more of this.

Photographer: Justin Sullivan/Getty Images

The United States faces a peculiar housing quandary.

According to Freddie Mac, in 2020, we were short 3.8 million homes. That’s a deficit of one full New York City. And the hole is getting bigger. Land isn’t the problem. Less than 5% of the country is built up, a small fraction of Europe’s housing footprint. The problem is that not enough homes are being built.