I think the most useful way to think about NIMBYism is as a neighborhood-centered phenomenon. When people shop for homes, they shop for specific, physical features of a dwelling, of course, but mainly they shop for neighborhoods. The quality of neighborhood amenities — interpreted broadly … [Read more...]
Econ 101 And The Missing Middle
HUD has released 2015 building permit tallies. Austin’s tallies for 2015:Single Family Units: 2,846 Duplex units: 326 Units in 3-4 unit buildings: 30 Units in 5+ unit buildings: 6,890This bipolar split is typical of American cities. Some cities build more single-family than … [Read more...]
Can Housing Quotas Affect Demand For Housing?
Economist Nick Rowe at Worthwhile Canadian Initiative has a provocative piece asking whether housing demand curves might actually slope up. He puts his argument in abstract mathematical terms (again, he’s an economist), but the germ of the idea is that “everybody wants to live near everyone else, … [Read more...]