S101S: Understanding Affordable Housing: The Trickle-Down Theory of Housing – Myths and Realities
Urban Landscape Fundamentals
By Erick VillagomezEDITOR’S NOTE: With affordable housing debates raging, misinformation is everywhere. Trickle-down housing narratives loom large in the used-and-abused language littering media—with references to Alain Bertaud’s Order Without Design being particularly popular. Unfortunately, most references to the latter under the guise of “conventional economics” are incomplete, at best. Oversimplification is rampant. It’s time to go back to foundations to get things... Read more
