The Cost of NIMBYism

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Ingra Saffron:

@IngaSaffron: Point Breeze, which is bitterly resisting newcomers, is only central Philly nabe that lost population since 2000. -7% http://is.gd/lTZasC

Why’s this a state policy issue? Because Philadelphia is the state’s largest most productive economy. Broadly speaking, there are two ways to grow the state economy:

1. Increasing the productivity of lower productivity regions
2. Moving people from lower productivity areas to higher productivity areas

It is much easier and less costly to do the second one. Anything that restricts how many people can live in Philly, or any of the other top 5 metros, is a drag on state GDP.

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