Conor Dougherty and Erin Griffith revealed the identities behind a Silicon Valley investor group, Flannery Associates, that had gradually purchased 55,000 acres of ranchland near Travis Air Force Base in Solano County, California. Scale check: that's a lot of land. San Francisco is 30,000 acres; San … [Read more...]
Gentrification: An LVT Would Do That
In many cities, poor people occupy valuable urban land close to downtown jobs, amenities, and transit. They can afford to live there because the housing stock in inner areas is usually older. If it hasn't been completely renovated, the result can be quite cheap, even if the land is pretty … [Read more...]
Will congestion pricing hurt cities?
In a series of recent posts, Tyler Cowen has taken the view that congestion prices in major downtowns are a bad idea. This is what one might expect of a typical New Jerseyan, but not a typical economist. The writing in these posts is a bit squirrelly (or is it Straussian?), but as best I can make … [Read more...]
Rhode Island’s housing process package
"Renting in Providence puts city councilors in precarious situations." That was the Providence Journal's leading headline a few days ago, as the legislature waited for Governor Daniel McKee to sign a pile of housing-related bills (Update: He signed them all). Rhode Island doesn't have a superstar … [Read more...]
What’s Scott Alexander asking, anyway?
In a pair of posts, Scott Alexander goads his mostly-YIMBY readers by claiming to believe that density is likely to increase prices. To quantify his readers' views, he laid out a thought experiment in a Google poll, the results of which we'll no doubt see in a few days. You can see the poll - … [Read more...]
Rent regulation in MoCo
In my home county, Montgomery County, Maryland, rent control is on the agenda after County Executive Marc Elrich and a county council majority each released competing proposals to cap annual rent increases. Adam Pagnucco responded with a series of posts at Montgomery Perspective about the … [Read more...]
Book Review: HIAHP
Gregg Colburn and Clayton Page Aldern's book Homelessness is a Housing Problem filled such a useful niche that even before I read it, I had started referring to it by acronym. But, like Missing Middle Housing, this book moved my priors in the opposite direction than the authors intended. As a … [Read more...]
Xiaodi Li, Misunderstood
Max Holleran's book, Richard Schragger's law review article, and randos on Twitter all find pessimistic views on housing supply from a paper by Xiaodi Li. But the paper is asking a narrow question and yielding an optimistic answer. This post tries to provide some context. EDITED 3/3: I've edited … [Read more...]
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