Great links for quick data dives: The Historical Housing Prices Project gives rents and home prices from 1890 - 2006 for US cities. It's based on newspaper listings and was led by Ronan C. Lyons, Allison Shertzer, and Rowena Gray. I've added Ronan's blog, Time & Space, to the links below.City … [Read more...]
The “Foreign Buyers” Argument
A common argument against new housing supply is that in high-cost cities such as New York, demand from foreign buyers is so overwhelming as to make new supply irrelevant. A recent study (available here) by two business school professors suggests otherwise. The study does show more foreign … [Read more...]
Home-Sharing and Housing Supply
One common argument against Airbnb and other home-sharing companies is that they reduce housing supply by taking housing units off the long-term market.* As I have written elsewhere, I don't think home-sharing affects housing supply enough to matter. But even leaving aside the empirical question of … [Read more...]