This post will be the first of many of an ongoing feature at Market Urbanism entitled Urbanism Legends. (a play on the term: "Urban Legends" in case you didn't catch that) In many public forums and in the blogosphere, I consistently encounter myths about land development and Urban Economics. These … [Read more...]
NYC 20-Somethings’ Stagnant Wages and Higher Cost of Living
I need help with this one. Is this a phenomenon of statistical cherry-picking or a true trend that should worry us? New York Observer - A Yoke for the White Collar New York’s college grads now hustle for jobs paying 1970s wages. Meet their coping mechanism—massive debt! A younger New Yorker … [Read more...]
Subsidies and Taxes Favor Owning Over Renting
Paul Krugman asks a question that has been addressed at Market Urbansim: But here’s a question rarely asked, at least in Washington: Why should ever-increasing homeownership be a policy goal? How many people should own homes, anyway? Listening to politicians, you’d think that every family … [Read more...]
Bush’s “Ownership Society” and Subprime
From Rationalitate - The WaPo finally realizes the root cause of the subprime crisis Agencies like FHA and HUD, and pseudo-private agencies like Fannie Mae and Freddie Mac, were the government's tool to manipulate the market for mortgages, and manipulate it they did: 40% of all mortgages are … [Read more...]
California’s Water Resources vs Development
There are some good articles out there this morning, I want to share them with you... Rationalitate - California developments halted over water While the knee-jerk libertarian reaction might be disgust, I think the markets are probably ruined by the government, and current pricing isn't what … [Read more...]
Thank you Lynne Kiesling
Yesterday, Lynne Kiesling of Northwestern University encouraged readers of her popular economics blog, Knowledge Problem to visit Market Urbanism. The link generated the highest day of traffic to date. I hope visitors find Market Urbanism interesting and return often. Thank you for visiting … [Read more...]
Market Incentives to Conserve Resources
The economics blog, Knowledge Problem on how prices effect individuals incentive to conserve: Conservation of resources: Prices change everything Steven Stoft, at the EU Energy Policy Blog, observes that market driven conservation is a slow process: Conservation is the main way consumers respond … [Read more...]
Rent Control Part 4: Conclusion and Solutions
Welcome to the final post in the series discussing the consequences of rent control. Thank you to the subscribers who have patiently awaited each new post. I hope everyone found it enlightening. If you haven't read the entire series, you can catch up with these links: Rent Control Part One: … [Read more...]