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“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.

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  • What Should I Read to Understand Zoning?

Xiaodi Li, Misunderstood

March 2, 2023 By Salim Furth Leave a Comment

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...]

Filed Under: Economics, Urban[ism] Legends Tagged With: housing market, neighborhood, New York City, Xiaodi Li

The Homeownership Society Can Be Fixed

February 26, 2023 By Michael D. Nahas

Jerusalem Demsas is an eloquent and forceful voice on housing policy. In a recent article, she asked this question: "How do we ensure that housing is both appreciating in value for homeowners but cheap enough for all would-be homeowners to buy in?" She answered her own question "We can’t."I … [Read more...]

Filed Under: Economics, housing Tagged With: Demsas, homeowners

Should governments nudge land assembly?

February 17, 2023 By Salim Furth

For a reading group, I recently read two papers about the costs and (in)efficiencies around land assembly. One advocated nudging small landowners into land assembly; the other is an implicit caution against doing so.Graduated Density ZoningAlthough he's mostly known for parking research and … [Read more...]

Filed Under: Development, Economics, World City Profiles Tagged With: Donald Shoup, Land assembly, tokyo

Is affordability just, “You get what you pay for”?

October 20, 2022 By Salim Furth

In a tweet this week, the Welcoming Neighbors Network recommended that pro-housing advocates keep supply-and-demand arguments in their back pockets and emphasize simpler housing composition arguments:https://twitter.com/WNNProHousing/status/1582157909827653636This advice makes an … [Read more...]

Filed Under: Economics, housing, zoning

How big is the housing shortage?

August 5, 2022 By Salim Furth

Land for sale. Photo: appaloosa (CC BY-NC-ND 2.0)Two teams of researchers recently released estimates of the U.S. housing shortage - and they differ by a factor of five. Is the national shortage 20 million homes or just 4 million? With a range that big, both published by pro-housing groups, … [Read more...]

Filed Under: Economics, housing Tagged With: housing shortage, regional growth, underproduction

Financialization and housing costs

August 21, 2021 By Michael Lewyn

One common explanation for high rents is something called "financialization." Literally, this term of course makes no sense: any form of investment, good or bad, involves finances.But I think that the most common non-incoherent use of the term is something like this: rich people and … [Read more...]

Filed Under: Economics, housing, Michael Lewyn, NIMBYism, Policy, zoning Tagged With: financialization, housing

Why rents aren’t keeping up with house prices

March 3, 2021 By Tom Spencer

Global house prices have been out of control for quite some time. This has helped to reduce economic growth, increase unemployment and was even diagnosed as the greatest cause of inequality in the developed world in a 2016 paper by Matthew Rognlie. However, rents have failed to show the same … [Read more...]

Filed Under: Economics, housing, planning, Uncategorized Tagged With: Economics, housing market, YIMBYism

Latest rent research

February 21, 2021 By Michael Lewyn

A recent paper by UCLA researchers discusses 2019-20 literature on the relationship between new construction and rents. The article discusses five papers; four of them found that new housing consistently lowers rents in nearby buildings.For example, Kate Pennington wrote a paper on the … [Read more...]

Filed Under: Economics, Gentrification, housing, Michael Lewyn, Uncategorized Tagged With: housing, rent

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Recent Posts

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