Once upon a time, New York City's poor single people were usually not homeless because they lived in little apartments with shared bathrooms and kitchens. These units are called "single room occupancy" (SRO) units in plannerese. (When I was young, people used less flattering terms such as … [Read more...]
Density Is How the Working Poor Outbid the Rich for Urban Land
The great failing of modern land-use regulation is the failure to allow densities to naturally change over time. Let me explain. Imagine you are trying to sell a property you own in a desirable inner suburban neighborhood in your town. The lot is 4,000 square feet and hosts an old 4,000 … [Read more...]
Zoning Laws, the Housing Market and the Ripple Effect
Henry Hazlitt has called economics a science of recognizing secondary consequences. What he and others who have taken the time to study the working of free markets have perceived is that there is a natural orderliness in uncoerced dealings between men which tends to maximize the well-being of each … [Read more...]
The Rent is Too High and the Commute is Too Long: We Need Market Urbanism
Why is the rent so damn high? And why does it take hours to commute from cheap, plentiful housing to modern economy jobs? If you are living in a big city in America, you likely face this problem. And it isn’t just an American problem: From Ireland to New Zealand to The Philippines, the … [Read more...]
High Rents: Are Construction Costs the Culprit?
(cross-posted from planetizen.com) I have argued numerous times on Planetizen that increased housing supply would reduce rents. I recently read one counterargument that I had not fully addressed before: the claim that no amount of new housing will ever bring down urban rents because housing in … [Read more...]
Does Density Raise Housing Prices?
My last post, on urban geographic constraints and housing prices, led to an interesting discussion thread. The most common counter argument was that because dense cities are usually more expensive, density must cause high cost. But if this was true, cities would become cheaper as they became less … [Read more...]
Urban[ism] Legend: The “Geographically Constrained Cities” Fantasy
One common argument against building new urban housing is that cities are geographically constrained by their natural and political boundaries, and thus can never build enough housing to bring prices down. This claim rests on a variety of false assumptions. The first false assumption is that the … [Read more...]
Exempting Suburbia: How suburban sprawl gets special treatment in our tax code
This is the third post in a series about government policies that encouraged suburban growth in the US. You can find the first part here and the second one here. Suburban sprawl gets preferential tax treatment in the US. As a result, it is cheaper to spend a dollar on housing than on … [Read more...]
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