Nashville has enjoyed some of the country's fastest job growth for several years as healthcare and tech startups have made the city home. Unsurprisingly, this economic boom has coincided with a large increase in population, greater demand for real estate, and rising house prices. But Nashville's … [Read more...]
United against dynamism
The battle lines being drawn for the SB 827 debate is perhaps the clearest example ever of the strange bedfellows that align on land use politics. Tenant rights activists stand in opposition to preemption of local land-use regulations with landlords and owners of suburban single family … [Read more...]
The Role for State Preemption of Local Zoning
Urbanists have increasingly turned to state-level preemption as a tool for reducing the barriers to new housing supply, recognizing the improved incentives for land-use policy relative to the local level. In a piece for the Atlantic Cities, Nolan sums up the potential for preemption to address … [Read more...]
TILTs for Income Mobility
Land-use scholars have offered a variety of policy proposals that attempt to identify institutional reforms to reduce the incentive for homeowner NIMBYs to protest development. For example, in a 2013 paper law professor David Schleicher proposed a policy called Tax Increment Local Transfers (TILTs). … [Read more...]
Is Inclusionary Zoning Legal?
Market Urbanism may soon have a hearing in the Supreme Court. Two of my colleagues at the Mercatus Center, Sandy Ikeda, half a dozen other professors, and I argue that the Court should take up the case 616 Croft Ave., LLC, v. City of West Hollywood. The case is an opportunity for the Court … [Read more...]
What makes Philadelphia so affordable?
In 2005, Joseph Gyourko published an economic history of Philadelphia. He explored the economic and policy factors that contributed to its population and job loss during the twentieth century. Gyourko's outlook for Philadelphia was pessimistic. He argued that the city lacked the supply of skilled … [Read more...]
Government-Created Parking Externalities
In new research on parking policy in the Journal of Economic Geography, Jan Brueckner and Sofia Franco argue that residential developers should be required to provide more off-street parking in places where street parking contributes to traffic congestion. They argue that because traffic congestion … [Read more...]
Market Urbanism Is Still Underrated
New data keeps coming in that shows that increases in housing supply tend to be followed by declining rental rates, even in the cities facing the highest demand. After a boom year for apartment construction in 2016, rents are falling in New York City, San Francisco, and Washington, DC. Median … [Read more...]
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