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...]
Financialization and housing costs
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...]
contradictory anti-housing arguments
Over the years, I've heard a wide variety of arguments against new housing. One of them is the "mysterious foreign investor" argument. According to this theory, new urban housing will all be bought up by billionaire foreign investors, who will purchase the property and never rent it out, thus … [Read more...]
How YIMBYs used Ostrom to recruit conservatives
A major barrier to the market urbanist’s ability to make the case for building more housing is the question of aesthetics. When you refer to density in cities, it’s easy to picture large brutalist towers and the slum-like conditions that can be seen in much of the developing world. Of course, this … [Read more...]
Even NIMBYs should be YIMBYs
Jeremiah Moss, a New York blogger, just wrote a long article complaining about the bad habits of his new neighbors in the East Village. I suspect many, if not most readers, of his article would think: maybe we need to zone out new housing to keep out the yuppies!But it seems to me that this … [Read more...]
For once I agree with the NIMBYs: please don’t turn my neighborhood into Dubai- because Dubai isn’t dense enough!
One common argument against new housing is that it will turn "[neighborhood at issue] into Dubai." Evidently, some people think Dubai is a hellscape of super-dense skyscapers.In fact, Many Dubai neighborhoods aren't very dense at all.There is one Dubai neighborhood that is more dense than … [Read more...]
More evidence that sunlight is no crisis
In my email box today, I received a message from an anti-housing group, touting a study from the localize.city website* on sunlight on New York neighborhoods. The purpose of the study is to show which neighborhoods have the least sunlight.The study found that 27 of the city's allegedly … [Read more...]