Earlier this year, researchers Paavo Monkkonen and Michael Manville at the University of California Los Angeles (UCLA) conducted a survey of 1,300 residents of Los Angeles County to understand the motives behind NIMBYism. As part of the study, they presented respondents with three common … [Read more...]
Housing Still Suffers the Same Ills That Caused the Great Recession—Just Not the Ones You Think
If you type “housing crisis” into Google search, “2008” is no longer the first result. The subprime mortgage crisis that toppled the global economy just a decade ago has been supplanted on Google trends by “housing crisis 2018.” This time, the crisis isn’t an overabundance of housing; it’s a chronic … [Read more...]
The Foreign Buyers Are Taking Over (Not!)
A headline in the Boston Globe screams: "Boston's new luxury towers appear to house few local residents." The headline is based on a report by the leftist Institute for Policy Studies, which claims that in twelve Boston condo buildings, "64 percent do not claim a residential exemption, a clear … [Read more...]
New Video: How Zoning Laws Are Holding Back America’s Cities
It's an understatement to say that zoning is a dry subject. But in a new video for the Institute for Humane Studies, Josh Oldham and Professor Sanford Ikeda (a regular contributor to this blog) manage to breath new life into this subject, accessibly explaining how zoning has transformed America's … [Read more...]
California Legislation Threatens to Become Law and Build More Housing
On August 23rd, a California assembly bill aimed at increasing transit-oriented development, like housing, was passed by the state senate, confirmed by the assembly, and headed to Governor Jerry Brown’s desk for signing. The bill, AB 2923, specifically targets the San Francisco Bay Area—making it … [Read more...]
No, this study does NOT support refusal to build housing
A recent headline in the Forbes blog screams: "Additional Housing Won't Make City More Affordable, Says Fed Study." This blog post cites a Federal Reserve Study showing that adding 5 percent more housing in the most desirable urban neighborhoods would lower rents by only 0.5 percent.But if you … [Read more...]
Two cheers for subsidized housing
A pure libertarian might argue that in an ideal world, there'd be no need for government-subsidized housing for low- and moderate-income households. Nevertheless, it seems to me that in the world we actually live in, even people generally opposed to the welfare state should favor more such … [Read more...]
does gentrification cause eviction?
I found an interesting new website: EvictionLab. This website contains eviction data by city for a large number of American communities.One might think that gentrifying cities and/or high cost cities have more evictions. But interestingly, low-cost, poor cities tend to have more evictions. … [Read more...]