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...]
Digging deeper on natalism and urbanism
In a recent blog post at Planetizen, I criticized the idea that higher birth rates can only be achieved in car-dominated suburbia. In this post, I pointed out that a) not all walkable places have as little floor space as my Manhattan apartment, b) that some (admittedly unusual) urban places have … [Read more...]
Morton’s Fork and urbanism
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...]
Let’s Talk About Soundview
In New York City, one common argument against congestion pricing (or in fact, against any policy designed to further the interests of anyone outside an automobile) is that because outer borough residents are all car-dependent suburbanites, only Manhattanites would benefit. For example, film … [Read more...]
Homelessness exits: Systems or individual factors?
In a new essay for Works In Progress magazine, I explain how the familiar correlation between housing cost and homelessness works. The most intuitive explanation would be that in high cost cities, more people lack the income for very cheap shelter. But that's not true. Income varies more … [Read more...]
Stone: Diversity didn’t cause the baby bust
There's a vigorous debate about whether various urban factors, like density, lower birth rates. In a new paper, Umit Gurun and David Solomon propose a new one that they claim accounts for 90% of the recent decline in birthrates: E Pluribus, Pauciores (Out of Many, Fewer): Diversity and Birth … [Read more...]
The 15-Minute City Is a Distracting Utopia
As proposed, Moreno's 15-minute city has no chance of implementation, because economic and financial realities constrain the location of jobs, commerce, and community facilities. No planner can redesign a city by locating shops and jobs according to their own whims. This article appeared … [Read more...]
Are New Cities Necessary?
Promotors of recently developed cities ranging from Nusantara, the freshly built capital of Indonesia, to Neom, Saudi Arabia’s futurist urban paradise, advertise them as breakthroughs in urban living. But does the world need new cities? This article appeared originally in Caos Planejadoand is … [Read more...]
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