This is the third post in a series about government policies that encouraged suburban growth in the US. You can find the first part here and the second one here.Suburban sprawl gets preferential tax treatment in the US. As a result, it is cheaper to spend a dollar on housing than on … [Read more...]
(Not So) Infinite Demand
In a recent blog post, Julia Galef has generated a fairly comprehensive list of pro-housing arguments and counterarguments to those arguments.She gives the most detailed consideration to the "infinite demand" argument- in her words,“So even if SF adds a lot of additional housing, prices will … [Read more...]
How Governments Outlaw Affordable Housing
This post was originally published at mises.org and reposted under a creative commons license.It's no secret that in coastal cities — plus some interior cities like Denver — rents and home prices are up significantly since 2009. In many areas, prices are above what they were at the peak of the … [Read more...]
Where The Permits Are
Thanks to Stephen Smith, I recently ran across an interesting database: HUD data on building permits by municipality. So I decided to find the number of permits per 1,000 for a wide variety of cities, focusing on (1) multifamily permits (because rising rent is a bigger problem in most places than … [Read more...]
NIMBYism as an Argument Against Urbanism
In his new book The Human City, Joel Kotkin tries to use NIMBYism as an argument against urbanism. He cites numerous examples of NIMBYism in wealthy city neighborhoods, and suggests that these examples rebut "the largely unsupported notion that ever more people want to move 'back to the city'." … [Read more...]
The “Global Buyers” Argument
One common argument against building new market-rate housing is that there is an infinite supply of rich foreigners willing to soak up new supply. One obvious flaw in this argument is that housing prices do occasionally go down even in expensive places.But even leaving aside this reality, the … [Read more...]
Episode 02: Emily Hamilton on Land-Use Regulation and the Cost of Housing
When I was scheduling out the first few episodes of the Market Urbanism Podcast, it seemed natural to start with one of Market Urbanism's favorite topics: the relationship between land-use regulation and rising housing costs in American cities. This week I sit down with Emily Hamilton, a regular … [Read more...]
Does Home-sharing Create Negative Externalities?
A decade or two ago, a traveler who wished to stay in a city temporarily had no alternative to a hotel. Even if the owner of a house or condominium wished to rent out a room for a short period of time, the costs of advertising in a newspaper would have at least partially canceled out the … [Read more...]