On Marginal Revolution, Tyler Cowen linked to a new paper in Real Estate Economics by Anthony W. Orlando and Christian L. Redfearn. It's a simple, empirical paper using data from 8 metro areas in California and Texas. It finds that net new housing creating appears to become more expensive and more … [Read more...]
Solano County Dreamin’: Is there a market urbanist way to build a new city?
Conor Dougherty and Erin Griffith revealed the identities behind a Silicon Valley investor group, Flannery Associates, that had gradually purchased 55,000 acres of ranchland near Travis Air Force Base in Solano County, California. Scale check: that's a lot of land. San Francisco is 30,000 acres; San … [Read more...]
Entrepreneurs and the Changing Political Economy of Housing
Discussions about land use reform focus on policy – as they should. Overcoming NIMBYism will require deep legal, political, and regulatory reform. That said, entrepreneurs may be helping to short circuit the perverse incentives that give rise to NIMBYism in the first place. New companies may be … [Read more...]
California should indeed build new cities – but don’t let Nathan J. Robinson anywhere near them
Urbanist and YIMBY Twitter had a field day dunking on Nathan J. Robinson, whose essay in his publication Current Affairs (yesterday's tagline: "the one thing left that isn't disappointing") called for building new cities in California. The essay was a typical of the "anti-anti-NIMBY" genre: he … [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...]
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...]
Quantifying the effects of California zoning rules
Yet another study in a long line of others provides evidence that land-use regulations restrict housing supply. A new paper identifies a correlation between land-use regulations in California cities and the growth rate for housing units. Kip Jackson finds that California zoning rules and other … [Read more...]
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