While reading someone else's work, I recently ran across an article by David Cay Johnston of the New York Times, claiming that overseas oligarchs turning apartments all over the world into unused "ghost apartments". In this article, Johnston writes: "In Paris, for instance, one apartment in four … [Read more...]
Evidence that home-sharing doesn’t raise rents
A common argument against Airbnb and similar home-sharing companies is that they raise rents, because every apartment used for short-term rentals could be used for long-term rentals. A recent paper by a Spanish Ph.D. candidate suggests otherwise.The paper focused on Santa Monica, California … [Read more...]
Yimbyism: The Evolution of an Idea
Five years ago everything in California felt like a giant (land use policy) dumpster fire. Fast forward to today we live in a completely different world. Yimby activists have pushed policy, swayed elections, and dramatically shifted the overton window on California housing policy. And through this … [Read more...]
What Should YIMBYs Learn From 2018?
Believe it or not, the YIMBY movement won a lot in 2018. It kicked off with January’s high of California State Senator Scott Wiener’s introduction of SB 827, which would have permitted multifamily development near transit across the state, but fell to a low after its eventual defeat in committee, … [Read more...]
New York State’s Property Tax Cap
One reason for California’s high housing costs might be Proposition 13. This law, passed by referendum in the 1970s, may discourage housing production in two significant ways.First, under Proposition 13, all housing- even vacant land- is taxed at its original purchase price rather than its … [Read more...]
“Order Without Design”, a new guide to urban planning
This book is an attack on current city planning and rebuilding. This is how Jane Jacobs opened her 1961 classic “The Death and Life of Great American Cities”. It wouldn’t be an inappropriate opener for Alain Bertaud’s upcoming “Order Without Design”.While Jacobs was an observer of how cities … [Read more...]
New and Noteworthy: Randy Shaw’s Generation Priced Out
In Generation Priced Out, housing activist Randy Shaw writes a book about the rent crisis for non-experts. Shaw's point of view is that of a left-wing YIMBY: that is, he favors allowing lots of new market-rate housing, but also favors a variety of less market-oriented policies to prevent … [Read more...]
Two Cheers for PHIMBY
One alternative to market urbanism that has received a decent amount of press coverage is the PHIMBY (Public Housing In My Back Yard) movement. PHIMBYs (or at least the most extreme PHIMBYs) believe that market-rate housing fails to reduce housing costs and may even lead to gentrification and … [Read more...]