Read the full editorial here but here’s a key excerpt….
For local politicians, the easy way out is often to oppose just about anything — and hope some other community picks up the slack. But the most tragic consequence of the resulting housing shortage is that it worsens the very problems that antidevelopment forces often contend that they care about. Preventing development in dense urban areas near transit pushes the demand off to auto-centric suburbs, where it does more environmental damage. Displacement of low-income residents happens when insufficient supply creates gentrification pressures on existing neighborhoods. When you hear critics complain that developers only build new luxury housing, it’s worth remembering that failing to build those new units to keep the market in equilibrium turns all housing into luxury housing. Newton has resisted development, and now its median sale price for single-family homes is above $1 million.