Our Financial System Favors Large-Scale Development…but at What Cost?
On this week’s episode of Upzoned, host Abby Newsham and co-host Chuck Marohn are joined by Coby Lefkowitz, who penned the article that’s up for discussion: “Why small developers are getting squeezed out of the housing market.” It focuses on how finance shapes our cities, why debt is used to develop cities in the first place, how lenders deal with risk, and why risk mitigation is critical to understanding why the world looks the way it does. And, most notably, it dives into America's housing financial system and why it privileges large-scale institutional development at the expense of more incremental and community-based building.
ADDITIONAL SHOW NOTES
“Why small developers are getting squeezed out of the housing market,” by Coby Lefkowitz, Noahpinion (March 2024).
Abby Newsham is the cohost of the Upzoned podcast. Abby is an urban design and planning consultant at Multistudio in Kansas City, Missouri. In her own community, she works to advance bottom-up strategies that enhance both private development and the public realm, and facilitates the ad-hoc Kansas City chapter of the Incremental Development Alliance. When she’s not geeking out over cities, Abby is an avid urban mountain biker (because: potholes), audiobook and podcast junkie, amateur rock climber, and guitarist. You can connect with Abby on Twitter at @abbykatkc.