21 September 2023

housing inequality

The National Edition of the Sunday New York Times includes two or three pages of real estate and metropolitan content at the back of the business section. These days, when stock prices and currency exchange rates are readily available on the web, the business section has more content about business people or firms and socioeconomic context. The two real estate articles this past week, on facing pages, were titled "A name brand as an amenity" and "In Detroit, an eviction rattles a housing plan." While not explicitly about housing inequality, the amenity article addresses apartment buildings in Miami and elsewhere with condos selling for as much as 59 million dollars. The Detroit eviction article addresses the eviction of a homeowner for not living full time in her tiny house. Her name appears on the lease of her boyfriend's riverfront condo. She says that she works for her boyfriend's firm which is based in the apartment. The tiny houses are owned and operated by Cass Community Social Services and the rent is $1 per square foot on the lease-to-own basis.

(Photo by Michelle and Chris Gerard on Curbed Detroit)

Neither article is simply about high-priced or low-priced housing but I cannot help thinking about how many decent living spaces could be created with 59 million dollars. Not just tiny houses but living spaces from abandoned industrial buildings, rehabilitated houses, accessory dwelling units, as well as new buildings. Rehabilitation also can go a good distance on greenhouse gas mitigation.

I just finished reading Solomon's Crown by Natasha Siegel. When I went to the shelf to pick my next book, I selected The Address Book: What Street Addresses Reveal about Identity, Race, Wealth, and Power by Deirdre Mask. I guess I will be thinking more about the socioeconomics of housing.

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