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Liberalizing cities | From the bottom up

“Market Urbanism” refers to the synthesis of classical liberal economics and ethics (market), with an appreciation of the urban way of life and its benefits to society (urbanism). We advocate for the emergence of bottom up solutions to urban issues, as opposed to ones imposed from the top down.

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A self-defeating argument

May 5, 2025 By Michael Lewyn 236 Comments

I recently saw a law review article quote an article with the headline: "Are Hedge Funds And Equity Funds Driving Up The Cost of Housing?" The article wrote that there is a "more plausible hypothesis behind the housing affordability crisis—namely, that hedge funds and private equity firms have been … [Read more...]

Filed Under: Economics, housing, MUsings, Uncategorized, Urban[ism] Legends Tagged With: hedge funds, investors

Cities for families?

March 12, 2025 By Salim Furth

In response to David Albouy & Jason Faberman's new NBER paper, Skills, Migration and Urban Amenities over the Life Cycle, Lyman Stone asks if this means that cities will always have lower fertility? I think the answer is probably yes, but that's extrapolating beyond the paper at hand. What this … [Read more...]

Filed Under: Economics Tagged With: families

Morton’s Fork and urbanism

February 14, 2025 By Michael Lewyn

I recently read about an interesting logical fallacy: the Morton's fork fallacy, in which a conclusion "is drawn in several different ways that contradict each other." The original "Morton" was a medieval tax collector who, according to legend, believed that someone who spent lavishly you were … [Read more...]

Filed Under: corruption, Economics, Free-market impostors, housing, NIMBYism, planning, Urban[ism] Legends, Zoning Tagged With: fallacy, housing affordability, hypocrisy

Review: Key to the City, by Sara Bronin

January 26, 2025 By Michael Lewyn

In Key to the City, Sara Bronin both critiques and defends zoning.  Like numerous other commentators (including myself) Bronin points out that anti-density regulations such as minimum lot size and minimum parking requirements artificially increase housing costs.  Her critique of the latter … [Read more...]

Filed Under: Book Review, Economics, housing, Law, parking, planning, Policy, Uncategorized, Zoning Tagged With: book review, bronin

Hot takes and pensées, #UEA2024

September 25, 2024 By Salim Furth

Hot Take House

The Urban Economics Association conference is always creative and constructive. Here are a few notes I wrote down, with apologies to the vast majority of researchers who presented work there which I didn't see. Alice Wang showed the most convincing evidence I've read on net costs of urban … [Read more...]

Filed Under: Economics Tagged With: Atlanta, highways, history, nyc, public housing, research, seattle

Toward an Erdmann synthesis

September 6, 2024 By Salim Furth

Kevin Erdmann has a good op-ed in the Washington Post today, arguing one of the two core points that have defined his work for the past several years: Fannie and Freddie have set credit standards too high since 2007. (His other core point, that "closed access" superstar cities have made it too hard … [Read more...]

Filed Under: Economics, housing Tagged With: Fannie Mae, Freddie Mac, mortgage, mortgage interest deduction, subsidization

Harris’ housing target: Compared to what?

August 19, 2024 By Salim Furth

Democratic nominee Kamala Harris has pledged to work towards the construction of 3 million new housing units during her term. Setting aside the methods, what does that mean? And, as she said in a speech last week, would it "end America's housing shortage"? First, it's pretty obvious that Harris … [Read more...]

Filed Under: Economics, housing Tagged With: Democrats, Growth, politics

Are we spiralling into a new dark age? | Analysis and review of Jacobs’ Dark Age Ahead

July 25, 2024 By Adam Louis Sebastian Lehodey

Jane Jacobs wasn’t optimistic about the future of civilisation. ‘We show signs of rushing headlong into a Dark Age,’ she declares in Dark Age Ahead, her final book published in 2004.  She evidences a breakdown in family and civic life, universities which focus more on credentialling than on actually … [Read more...]

Filed Under: Culture, Culture & Books, Development, Economics, history, Jane Jacobs, Uncategorized Tagged With: book review, Economics, Jane Jacobs, Urban Economics

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