If you happen to visit Egypt and find yourself in the famous Tahrir Square, you might be puzzled: how could this space accommodate two million protesters? In fact, the square looked different at the time of the Arab Spring, up until the new military government ringed its central part with an iron … [Read more...]
Density Is How the Working Poor Outbid the Rich for Urban Land
The great failing of modern land-use regulation is the failure to allow densities to naturally change over time. Let me explain.Imagine you are trying to sell a property you own in a desirable inner suburban neighborhood in your town. The lot is 4,000 square feet and hosts an old 4,000 … [Read more...]
Zoning Laws, the Housing Market and the Ripple Effect
Henry Hazlitt has called economics a science of recognizing secondary consequences. What he and others who have taken the time to study the working of free markets have perceived is that there is a natural orderliness in uncoerced dealings between men which tends to maximize the well-being of each … [Read more...]
The Distorting Effects of Transportation Subsidies
by Kevin CarsonThis article won the 2011 Beth A. Hoffman Memorial Prize for Economic Writing.Although critics on the left are very astute in describing the evils of present-day society, they usually fail to understand either the root of those problems (government intervention) or their … [Read more...]
The Rent is Too High and the Commute is Too Long: We Need Market Urbanism
Why is the rent so damn high? And why does it take hours to commute from cheap, plentiful housing to modern economy jobs? If you are living in a big city in America, you likely face this problem. And it isn’t just an American problem: From Ireland to New Zealand to The Philippines, the … [Read more...]
Cities Should Not Design for Autonomous Vehicles
Coauthored with Emily HamiltonLast week, the autonomous vehicle company Waymo began testing cars in Chandler, AZ with no employees sitting in the front seat. While Waymo is busy creating systems of vehicle-mounted sensors that allow cars to safely navigate existing urban infrastructure and … [Read more...]
Does Density Raise Housing Prices?
My last post, on urban geographic constraints and housing prices, led to an interesting discussion thread. The most common counter argument was that because dense cities are usually more expensive, density must cause high cost. But if this was true, cities would become cheaper as they became less … [Read more...]
Exempting Suburbia: How suburban sprawl gets special treatment in our tax code
This is the third post in a series about government policies that encouraged suburban growth in the US. You can find the first part here and the second one here.Suburban sprawl gets preferential tax treatment in the US. As a result, it is cheaper to spend a dollar on housing than on … [Read more...]