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Undead Ideas: Rent Control


Originally published at Freedom Politics:

In these days of economists constantly debating the right way to revive the economy, it seems like there is no way to find consensus among economists.  Economists don’t spend much time debating the issues they agree on, and to them, rent control is about as dead an issue as the earth [...]

My Article at FreePo on the Resurrection of Rent Control


The Orange County Register’s new site, Freedom Politics just posted an article I wrote for them on rent control. 

Here’s a snippet:

In these days of economists constantly debating the right way to revive the economy, it seems like there is no way to find consensus among economists.  Economists don’t spend much time debating the issues [...]

Redistribution


Discussing Ithaca, New York’s plan to increase permitted density and reduce parking minimums, I can dig what Matthew Yglesias says :

The distributive impact of parking minimums is to redistribute income from people who don’t own cars to people who do own cars—not to shift income from poor to rich. A rich family will probably have [...]

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 promise an end [...]

Parking Minimums Hamper Development and Affordability


Thanks to Dan and Benjamin for separately tipping me off to this link:
AP: Cities rethink wisdom of 50s-era parking standards

Like nearly all U.S. cities, D.C. has requirements for off-street parking. Whenever anything new is built — be it a single-family home, an apartment building, a store or a doctor’s office — a minimum [...]

WSJ: Rent Control Is the Real New York Scandal


In case you didn’t catch it last weekend, Eileen Norcross wrote an excellent piece on rent control in New York. She touches on Charlie Rangel’s four rent control apartments scandal, some history of rent control in New York, the destructive results of rent control, vast inefficiencies caused by rent control, and moves to further [...]

Econtalk Podcast: Shiller on Housing and Bubbles


Shiller on Housing and Bubbles

Robert Shiller of Yale University talks with EconTalk host Russ Roberts about the current housing mess and related financial market problems. Shiller argues that the decade-long run up in housing prices was a bubble where speculative fervor outweighed any economic fundamentals. He also discusses the genesis of the Case-Shiller housing price [...]

Housing + Transportation Affordability Index


affordability in the LA area

affordability in New York City

Play with the HUD-Brookings Institution’s new index maps here:

The Housing + Transportation Affordability Index, developed by CNT and its collaborative partners, the Center for Transit Oriented Development (CTOD), is an innovative tool that measures the true affordability of housing. Planners, lenders, and most consumers traditionally [...]

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