The goal of congestion pricing is not to penalize car trips but to smooth demand over a more extended time to reduce congestion. Unfortunately, many new congestion pricing schemes seem designed to ban cars rather than manage demand for car trips. This article appeared originally in Caos … [Read more...]
Why do condos even exist?
It sounds like a dumb question – they exist because people like the security of owning a home combined with the services and lower costs that apartments offer, duh! But upon further reflection, condominium-style tenure can be a bit problematic. The main problem, as I see it, is that a building … [Read more...]
Joel Kotkin doesn’t know what a “garden city” is, but he knows he loves it
Longtime Market Urbanism readers will know that we're not huge fans of Joel Kotkin. But his most recent article on megacities (spoiler: the "triumphalism" surrounding them "frankly disturbs me") sets a new low for sheer factual inaccuracy. I'm speaking specifically of his policy prescription, which … [Read more...]
Links
1. Laneway housing, Vancouver vs. Toronto. 2. New York state lawmakers want to ban using a phone or listening to headphones while crossing streets. Unfortunately for us pedestrians, there are very few limited access, grade-separated walkways, so in essence this would criminalize listening to an … [Read more...]
Weekend link megalist
This is probably my favorite link list yet...enjoy! 1. The WSJ claims that delinquent homeowners can expect to stay in their homes after making their last mortgage payment – that is, they can live rent-free – for at least 16 months. The longer it takes for foreclosures to happen, the longer it … [Read more...]
Internalizing positive transit externalities
by Stephen Smith The Wall Street Journal ran an article a few days ago claiming that the MTA's recent NYC transit cuts have lowered real estate prices along train and bus lines that have been axed. While it's not a quantitative study, the anecdotes are compelling: "The buyer who buys in Astoria … [Read more...]
