A blog post in Pacific Standard seeks to defend rent control- an idea that, as the author admits, is generally detested by economists.The author writes that "rent regulations give tenants a greater stake in their community and incentivize them to put time, energy, and even money into their … [Read more...]
YIMBYism: Its Not Just For Conservatives
Last week, I posted about an attack on YIMBYs (activists who favor less zoning and more housing) that used the term "alt-right"; the authors of that blog post recently doubled down with a slightly more moderate op-ed that still tarred YIMBYs as "aligned with conservative right-wing … [Read more...]
An Attack on Market Urbanism
The far-left "TruthOut" web page recently published an attack on YIMBYs,* describing them as an "Alt-Right" group (despite the fact that the Obama Administration is pro-YIMBY). I was surprised how little substance there was to the article; most of it was various ad-hominem attacks on YIMBY … [Read more...]
Richard Florida and Market Urbanism
I just finished reading Richard Florida's new book, The New Urban Crisis. Florida writes that part of this "crisis" is the exploding cost of housing in some prosperous cities. Does that make him a market urbanist? Yes, and no.On the one hand, Florida criticizes existing zoning laws and the … [Read more...]
Where The Permits Are
Thanks to Stephen Smith, I recently ran across an interesting database: HUD data on building permits by municipality. So I decided to find the number of permits per 1,000 for a wide variety of cities, focusing on (1) multifamily permits (because rising rent is a bigger problem in most places than … [Read more...]
The “Foreign Buyers” Argument
A common argument against new housing supply is that in high-cost cities such as New York, demand from foreign buyers is so overwhelming as to make new supply irrelevant. A recent study (available here) by two business school professors suggests otherwise. The study does show more foreign … [Read more...]
Yglesias Gives Best Tweetstorm Ever
Matthew Yglesias has a group of tweets that begin with this:Someone needs to give me an Oscar one of these years so I can subject America to a tedious discussion of land use regulation. — Matthew Yglesias (@mattyglesias) February 27, 2017"In the movies, there is no minimum lot size or … [Read more...]
My New Book On Market Urbanism
I am happy to announce that my new book "Government Intervention and Suburban Sprawl: The Case for Market Urbanism" is now available at Amazon. There is a "look inside the book" feature at the book's Amazon webpage for those who would like to know more.I would like to thank not just the readers … [Read more...]