Part 8/11:
He emphasizes that the real solution isn’t banning software but reforming policies to increase housing supply. Seattle’s permitting drop of two-thirds over recent years exemplifies how regulatory hurdles stifle development. Without enough new units, rents are destined to rise regardless of software bans or other superficial measures.
The projection is grim: Seattle needs hundreds of thousands of new units in the next decade to meet demand, but current permitting levels are a fraction of that requirement.