The first chapter of Fixer-Upper serves as a prelude to set up the rest of the book, but there are a few good takeaways. My favorite is the criteria Jenny Schuetz provides in “What does a well-functioning housing system look like?”:
- Housing supply should be reasonably responsive to demand.
- Within a metropolitan area some new housing should be added in the neighborhoods with highest demand, where people most want to live.
- Markets should provide a diverse set of housing choices that match household budgets and preferences.
- Regardless of income, all people can afford decent quality, stable housing in healthy communities.