Update 11/20: Chang-Tai Hsieh counters that Greaney's critique ignores general equilibrium effects which make labor scale invariant. That doesn't address the alleged coding errors. We'll see - and perhaps I wrote an autopsy too early. Thanks to Bryan Caplan for getting Hsieh's response out to the … [Read more...]
Why rents aren’t keeping up with house prices
Global house prices have been out of control for quite some time. This has helped to reduce economic growth, increase unemployment and was even diagnosed as the greatest cause of inequality in the developed world in a 2016 paper by Matthew Rognlie. However, rents have failed to show the same … [Read more...]
Get the tuck out of here
Tuck-under duplexes in Palisades Park, NJ (Google Streetview)In two previous posts, I’ve raised questions about the competitiveness of missing middle housing. This post is more petty: I want to challenge the design rigidities that Daniel Parolek promotes in Missing Middle Housing. Although … [Read more...]
In praise of fee simple ownership
In yesterday's post, I showed that missing middle housing, as celebrated in Daniel Parolek’s new book, may be stuck in the middle, too balanced to compete with single family housing on the one hand and multifamily on the other.But what about all the disadvantages that middle housing faces? … [Read more...]
Stuck in the (Missing) Middle
Everybody loves missing middle housing! What’s not to like? It consists of neighborly, often attractive homes that fit in equally well in Rumford, Maine, and Queens, New York. Missing middle housing types have character and personality. They’re often affordable and vintage.Daniel Parolek’s new … [Read more...]
Market Urbanist Book Review: Cities and The Wealth of Nations by Jane Jacobs
No one writer of the last 60 years has influenced urban planning and thinking as much as Jane Jacobs. It seems like just about everyone who has ever set foot in a major city has read The Death and Life of Great American Cities and most professional urban planners have embraced at least part of her … [Read more...]
Episode 05: Samuel Zipp and Nathan Storring on Vital Little Plans
This week on the Market Urbanism Podcast, I chat with Samuel Zipp and Nathan Storring on the wonderful new volume Vital Little Plans: The Short Works of Jane Jacobs. From Jacobs' McCarthy-era defense of unorthodox thinking to snippets of her unpublished history of humanity, the book is a … [Read more...]
Econ 101 And The Missing Middle
HUD has released 2015 building permit tallies. Austin’s tallies for 2015:Single Family Units: 2,846 Duplex units: 326 Units in 3-4 unit buildings: 30 Units in 5+ unit buildings: 6,890This bipolar split is typical of American cities. Some cities build more single-family than … [Read more...]