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The Left Critiques YIMBYism

There are two fundamental flaws with the emergent "YIMBY" approach to planning and development politics, according to this article in an influential magazine of the American left.
August 10, 2017, 5am PDT | James Brasuell | @CasualBrasuell
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Karen Narefsky writes for the socialist publication Jacobin in an article that's generated a lot of discussion.

Narefsky's subject: a critique from the left of the movement known as YIMBY—the pro-development approach to the housing crisis afflicting many U.S. cities. After explaining YIMBYism and providing examples of YIMBY political action, Narefsky argues that the YIMBYframework has two fundamental flaws:

First, by positioning themselves as NIMBYs’ virtuous foils, YIMBYs paint all critics of development as entitled, self-interested actors who have no concern for the greater good — ignoring the fact that it is quite possible to be skeptical of a development for reasons other than personal greed.

Narefsky reminds the reader that developers are only beholden to investors, not the communities where they build. This flaw echoes a similar argument about communitarian interests written by Lisa Schweitzer in September 2016.

But the second flaw is more important to Narefsky:

The second, and more important, problem with YIMBYism is that it is based on an embrace of the speculative housing market. It assumes that the cause of the housing crisis is a dearth of supply, and that the market will address the crisis if restrictions are lifted.

Narefsky writes that land prices will never drop enough to bring the cost of housing within the reach of most working people. Moreover, the idea that today's luxury units might some day become affordable for a wide swath of the population (an idea most recently explained by Joe Cortright) ignores the reality of the contemporary real estate market: "Existing housing is more likely to be turned into short-term rentals through Airbnb, flipped to a condo developer, or turned into a high-end rental than it is to be occupied by a low-income family."

To conclude, Narefesky proposes an alternative schema to evaluate development proposals and planning visions, discarding the false choice between NIMBY and YIMBY. 

Full Story:
Published on Tuesday, August 8, 2017 in Jacobin
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