A few weeks ago the Times reported that Lloyds Banking Group had purchased 45 new homes to let in Peterborough. This is part of a plan for Lloyds to own 50,000 homes by 2031. Given the median home in the City is now worth over 7 times the annual earnings of the typical resident, it is understandable … [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...]
The Amazing Housing Politics of Spider-Man
How can Spider-Man possibly afford to live in New York? And how can we make the city more affordable for dear Aunt May? In the first episode of my brand new YouTube series on pop-culture urbanism, we dig into the Sam Raimi "Spider-Man" trilogy to uncover the housing problems (and solutions) of … [Read more...]
NIMBY Contradictions
Ever since zoning was invented in the 1920s, homeowners have argued that limits on density and on multifamily housing are necessary to protect property values. But today, urban NIMBYs seek to prevent new housing on the ground that new housing will lead to gentrification, which will in turn lead to … [Read more...]
Congressional Housing Subsidies Won’t Lower DC Housing Prices, But Liberalizing Zoning Will
During his last days in office, former Representative Jason Chaffetz must have forgotten he is supposed to be a fiscal conservative. His recent comments that members of Congress need $2,500 stipends to afford housing in DC reflect a complete ignorance of both the reasons for high housing prices and … [Read more...]