Kevin Erdmann offers a helpful corrective to the "YIMBY triumphalism" of claiming that large relative rent declines in Austin and Minneapolis are results of YIMBY policies. He's mostly correct, especially about the rhetoric: arguing about housing supply from short term fluctuations is like arguing … [Read more...]
Pedestrianized streets usually fail – and that’s OK
Urbanists love to celebrate, and replicate great urban spaces - and sometimes can't understand why governments don't: But what's important to recall - especially for those of us under, uh, 41 - is that pedestrianized streets aren't a new concept coming into style, they're an old one that's been … [Read more...]
Gentrification: An LVT Would Do That
In many cities, poor people occupy valuable urban land close to downtown jobs, amenities, and transit. They can afford to live there because the housing stock in inner areas is usually older. If it hasn't been completely renovated, the result can be quite cheap, even if the land is pretty … [Read more...]
Xiaodi Li, Misunderstood
Max Holleran's book, Richard Schragger's law review article, and randos on Twitter all find pessimistic views on housing supply from a paper by Xiaodi Li. But the paper is asking a narrow question and yielding an optimistic answer. This post tries to provide some context. EDITED 3/3: I've edited … [Read more...]
Rent Control is How the Rich Outbid Less-Affluent People for Valuable Land
Several homes in my neighborhood have sold recently, each more expensive than the last. The priciest was a lovely home that drew $1.65 million at the peak of this spring's market. Takoma Park is a great place to live. It's also the only jurisdiction in the region that has rent control. As a … [Read more...]
Book Review: The Making of Urban Japan
If you read one book about Japan this year, it should be the beautiful, new Emergent Tokyo: Designing the Spontaneous City by Jorge Almazan and his Studiolab colleagues, including Joe McReynolds. But if you read two books about Japan, as you should, the second one should be André Sorensen's … [Read more...]
California should indeed build new cities – but don’t let Nathan J. Robinson anywhere near them
Urbanist and YIMBY Twitter had a field day dunking on Nathan J. Robinson, whose essay in his publication Current Affairs (yesterday's tagline: "the one thing left that isn't disappointing") called for building new cities in California. The essay was a typical of the "anti-anti-NIMBY" genre: he … [Read more...]
Where investors invest
One argument I have run across recently is that the high cost of housing is caused by mysterious corporate investors are buying up real estate and forcing up the cost. The stupidest version of this argument is that investors are hoarding all the real estate. Why is it stupid? Because … [Read more...]
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