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...]
Financing Suburbia: How government mortgage policy determined where you live
The government exercises tremendous power over residential design in the US. Its influence is nearly invisible, because it works through complex financing programs, insurance incentives, and secondary markets. These mechanisms go unnoticed, but their effect is hard to miss—they remade the United … [Read more...]
Living Downtown: A Great Book for Market Urbanists
One long-forgotten housing option is residential hotels; a century ago, most renters lived in hotels and shared space with short-term tenants. I just read a book, Living Downtown, about the rise and fall of residential hotels. Rather than discuss them in detail I refer you to my amazon.com … [Read more...]
Subsidizing Suburbia: A forgotten history of how the government created suburbia
This is the first article of a five-part series on suburbia in the United States. In primary school, one of my friends lived in a duplex. This fact blew my mind. To my inexperienced 7-year-old mind, a duplex barely registered as a house. Her family shared a driveway with their neighbors, and their … [Read more...]
NIMBY Contradictions
Ever since zoning was invented in the 1920s, homeowners have argued that limits on density and on multifamily housing are necessary to protect property values. But today, urban NIMBYs seek to prevent new housing on the ground that new housing will lead to gentrification, which will in turn lead to … [Read more...]
Congressional Housing Subsidies Won’t Lower DC Housing Prices, But Liberalizing Zoning Will
During his last days in office, former Representative Jason Chaffetz must have forgotten he is supposed to be a fiscal conservative. His recent comments that members of Congress need $2,500 stipends to afford housing in DC reflect a complete ignorance of both the reasons for high housing prices and … [Read more...]
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