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Homelessness and the Failure of Urban Renewal | Ryan McMaken

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Homelessness and the Failure of Urban Renewal, by ryan mcmaken posted on June 16, 2019 | Leave a comment Slum clearance and urban renewal reduce the supply of housing, and increase the supply of homeless people.

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Slum clearance and urban renewal reduce the supply of housing, and increase the supply of homeless people. From Ryan McMaken at mises.org: Homelessness today is often blamed on both "gentrification" and "neoliberalism." When these terms are used in the context of urban housing, it is usually implied that too much market freedom makes housing unaffordable.

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[RELATED: "Homelessness and the Failure of Urban Renewal" by Ryan McMaken] The problem we encounter today is that cities have largely destroyed much of their earlier-existing housing stock that catered to very-low-income populations, and have imposed restrictions that prevent construction of new housing that could be suitable.

Ryan McMaken Ryan W. McMaken is the editor of Mises Daily and The Austrian. He has degrees in economics and political science from the University of Colorado, and was the economist for the Colorado Division of Housing from 2009 to 2014.