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Vancouver shows how seeking community amenities from developers can go horribly wrong


A lot of time I hear liberal urbanists claiming that trading development rights for community amenities (I’d definitely include affordable housing mandates here) is a win-win situation, but there’s a real danger of killing the goose that laid the golden egg, as appears to be happening in Vancouver:

Development of the Cambie corridor [...]

Downtown Brooklyn’s $2 million affordable apartments (correction)


Inclusionary zoning is a bad enough idea, but at least it doesn’t cost taxpayers anything directly. But New York State’s Housing Finance Agency is taking the worst of both worlds – affordable housing mandates and public subsidies – and plopping them down in new luxury construction in the heart of Downtown Brooklyn. Behold, [...]

Redistribution (a follow up)


I threw up Friday’s Redistribution post somewhat hastily during my break, but there isn’t much more that I haven’t said before.  As a follow-up, I’d like to tie it in with some other interesting reads.

Ryan Avent at The Bellows agreed with Yglesias’ post and added:

Anyway, I saw in Google reader that [...]

Glaeser: Let Housing Prices Fall


Ed Glaeser gives three compelling reasons why the government should end their infatuation with high housing prices. (Nonetheless, some of the same politicians speak through the other side of their mouths about promoting housing affordability): Why We Should Let Housing Prices Keep Falling

There is a superficial attractiveness to policies that seem to [...]

Rent Control Part 4: Conclusion and Solutions


Welcome to the final post in the series discussing the consequences of rent control. Thank you to the subscribers who have patiently awaited each new post. I hope everyone found it enlightening.

If you haven’t read the entire series, you can catch up with these links: Rent Control Part One: Microeconomics Lesson and [...]

Video: Both Sides of Proposition 98


With the referendum approaching, the debate over rent control is heating up in California. This video is pretty balanced in showing both sides. There are some memorable quotes, like “social security and pension plan would not pay the market rent, so I just wouldn’t eat.” I guess this guy values his $375/mo [...]

Rent Control Part 3: Mobility, Regional Growth, Development and Class Conflict


Part One of this series was a refresher on the Microeconomics of Rent Control and touched on how it encourages hoarding Part Two discussed rent controls influence on the black market for apartments, rental property deterioration and housing discrimination. Here in Part Three, we will discuss how rent control hampers mobility, regional growth, [...]

A Recipe to Destroy Affordability in Any City.


Austin Contrarian discusses an article that describes how Seattle has become less affordable in recent years. He prescribes a recipe for Austin to become what he calls a “Superstar City” such as New York, Boston, San Francisco, or Seattle. By “Superstar City”, I assume he means an ultra-hip place where housing prices rise [...]