Market Urbanism

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.

Transit oriented development in Bengaluru could lead to additional $64 Million per year

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A new paper in the Journal of Development Economics by Liming Chen, Rana Hasan, Yi Jiang, and Andrii Parkhomenko estimates the welfare gains of Transit Oriented Development in Bengaluru. The Bengaluru metro or the Namma metro is around 170Km long including the planned sections. Bengaluru has … [Read more...]

Where sale prices are going up

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The conventional wisdom (based on Census estimates) seems to me that urban cores have lost population since COVID began, but are beginning to recover. But mid-decade Census estimates are often quite flawed. These estimates are basically just guesses based on complicated mathetmatical formulas, and … [Read more...]

How much does delay cost?

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Everyone agrees that delays and uncertainty are costly for housing development. But it's very hard to put a number on it. The obvious costs (lawyer hours, interest over many months) are surely an underestimate. Professors Stuart Gabriel and Edward Kung have a useful answer, at least for Los … [Read more...]

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

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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...]

Apples to apples housing cost comparisons

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I recently ran across an interesting discussion on Twitter about housing costs. Someone praised Chicago's low housing costs, and someone else responded that because Chicago's most troubled neighborhoods are so unusually dangerous and disinvested (compared to the most troubled parts of a safer city … [Read more...]

Milton’s Zoning Referendum

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"Wow!" the reporter said, "I knew you from Milton, but I didn't know you were from East Milton. Tell me what it feels like?" Well, until last week it was not that dramatic. East Milton is an old railroad-commuter neighborhood favored by affluent Boston Irish. It's separated from the City of … [Read more...]

Houston as an Affordability Model

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In December, I was asked to testify at a House Subcommittee on Housing and Insurance hearing on government barriers to housing construction and affordability. I provided examples of reforms to land regulations that have facilitated increased housing supply, particularly relatively low-cost types of … [Read more...]

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