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✊️🏙 Singapore puts cap on cars 🚗 Land values drive housing crises 🏠 London mayor calls for public housing

There was some really good news this week that 12 major cities have made a new pledge to create zero-
October 29 · Issue #6 · View online
Radical Urbanist
There was some really good news this week that 12 major cities have made a new pledge to create zero-emissions areas by 2030 aimed at promoting alternative modes of transportation and pushing out cars. To make things better, Singapore also announced that, beginning in February, it will no longer issue new vehicle certificates, capping the number of cars in the city.
Cars take up a lot of land in cities, and the more that goes to roads, the less there is for housing and shops. The more limitations there are on land for these uses, the more likely it is that land values will increase, thus pushing up housing prices because there aren’t more central areas to build. The role of land values in driving housing crises hasn’t had the attention it’s deserved, but more academics are trying to help average people understand the issue so we can work together on solutions. And one of these is a land value tax.
While land values are important to the housing crisis, so is the kind of housing that gets built. I’ve previously argued that the only way housing is going to become more affordable is if governments get back in the business of building public housing since the evidence shows private developers have a much greater incentive to build luxury condos. The mayor of London now seems to be recognizing this, and is calling for councils to do more building so average people can remain in the city.
Finally, if you’re liking this newsletter, please do share it with others you think might like it. And if you have any suggestions or intriguing articles you think should be included, let me know!

Restricting cars from cities
12 international cities sign Fossil-Fuel-Free Streets Declaration
Singapore's new car cap will keep over 1,500 cars from hitting its roads in a year
How Highways Squeezed Taxable Land Out of Cities
Understanding land value
How Land Disappeared from Economic Theory
Paying For Dirt: Where Have Home Values Detached From Construction Costs?
Opinion: Tax land value, close loopholes to solve affordability crisis
Positive development
We’re starting to fix London’s housing crisis. But the government has to help
✊️❤️ Thanks for reading, and feel free to follow me on Twitter, Medium, or Instagram for even more!
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