Washington, D.C. has a monopoly on many things. Bad policy, unfortunately, isn’t among them. Last month, a development corporation in Lexington, Kentucky installed a shipping container house in an economically distressed area of town to improve housing affordability. The corporation is a private … [Read more...]
The deal-making behind the Silver Line
In political transactions, players cannot make deals using dollars, but nonetheless they engage in trades to pursue their goals. Policymakers may engage in trades both with other policymakers and with private sector actors . While these deals are not denominated in dollars, their gains from trade … [Read more...]
Shell Games in NIMBYism
Yesterday the Cato Institute hosted an event featuring William Fischel's discussion of his new book Zoning Rules! with commentary by Mark Calabria, Matt Yglesias, and Robert Dietz. Fischel explained his theory that zoning was an effective tool for minimizing nuisances between land uses through the … [Read more...]
San Francisco Turned Sisyphus: Why the City Can’t Fix the Housing Crisis On its Own
Housing prices in San Francisco are obscene. And, in large part, that’s because the city hasn’t permitted enough new construction. But that’s not the entire story. For as hard as San Francisco has resisted development, the Peninsula cities have resisted it even more. And in so doing they’ve pushed … [Read more...]
Urban[ism] Legend: The Free Market Can’t Provide Affordable Housing
Over at Greater Greater Washington, Ms. Cheryl Cort attempts to temper expectations of what she calls the “libertarian view (a more right-leaning view in our region)” on affordable housing. It is certainly reassuring to see the cosmopolitan left and the pro-market right begin to warm to the … [Read more...]
Only 2 Ways to Fight Gentrification (you’re not going to like one of them)
Gentrification is the result of powerful economic forces. Those who misunderstand the nature of the economic forces at play, risk misdirecting those forces. Misdirection can exasperate city-wide displacement. Before discussing solutions to fighting gentrification, it is important to accept that … [Read more...]
How to Fix San Francisco’s Housing Market
Want to live in San Francisco? No problem, that’ll be $3,000 (a month)--but only if you act fast. In the last two years, the the cost of housing in San Francisco has increased 47% and shows no signs of stopping. Longtime residents find themselves priced out of town, the most vulnerable of whom … [Read more...]
On the Mixing of Incompatible Uses and Incumbency
I noticed an interestingly ironic thing today. The usual argument for the necessity of use-based zoning is that it protects homeowners in residential area from uses that would potentially create negative externalities - ie: smelting factory, garbage dump, or Sriracha factory. Urban Economics … [Read more...]
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