One common NIMBY argument is that new development is bad because it brings traffic. As I have pointed out elsewhere, this is silly because it is a "beggar thy neighbor" argument: the traffic doesn't go away if you block the development, it just goes somewhere else.But my argument assumed that … [Read more...]
Are Republicans or Democrats more pro-housing? Yes.
Some weeks ago, I was participating in a Zoom discussion on NIMBYism, and someone asked: are Republicans and conservatives more pro-housing than Democrats and liberals, or less so?After examining some poll data, I discovered that the answer depends on how the question is asked. A 2023 Yougov … [Read more...]
Why lawyer salaries matter
Today's Wall Street Journal includes a front-page article about sky-high lawyer incomes. The article points out that top lawyers can earn $15 million per year or more.Why is this relevant to urbanism or markets? Because one common argument against new condos (at least in NYC) is that they … [Read more...]
On coexistence
One common NIMBY* argument is that new housing (or the wrong kind of new housing) will "destroy the neighborhood." For example, one suburban town's politicians fought zoning reform in New York by claiming that allowing multifamily housing "is a direct assault on the suburbs."Indeed, many people … [Read more...]
An Anti-Anti-NIMBY article
During the Trump Administration, liberals sometimes criticized conservatives for being anti-anti-Trump: that is, not directly championing Trump's more obnoxious behaviour, but devoting their energies to criticizing people who criticized him.Similarly, I've seen some articles recently that were … [Read more...]
Would the Vienna strategy work here?
Progressives often argue that American cities should imitate Vienna's 1920s strategy of building enormous amounts of public housing while controlling rents paid to private landlords. But a look at the birth of Vienna's public housing system shows why that system is not easily replicated.A … [Read more...]
Where investors invest
One argument I have run across recently is that the high cost of housing is caused by mysterious corporate investors are buying up real estate and forcing up the cost.The stupidest version of this argument is that investors are hoarding all the real estate. Why is it stupid? Because … [Read more...]
More information about NYC “Billionaire’s Row”
A recent Youtube video on New York City's "Billionares' Row" (a smattering of very expensive buildings at the northern edge of midtown Manhattan) has received over six million views. Much of the video is rather propagandistic: it uses perjorative terms like "loopholes" to describe how the … [Read more...]