Several homes in my neighborhood have sold recently, each more expensive than the last. The priciest was a lovely home that drew $1.65 million at the peak of this spring's market.Takoma Park is a great place to live. It's also the only jurisdiction in the region that has rent control.As a … [Read more...]
Book Review: Arbitrary Lines – How Zoning Broke the American City and How to Fix It
Arbitrary Lines is the newest must read book on zoning by land use scholar and Market Urbanism contributor, Nolan Gray. The book is split into three sections, starting with what zoning is and where it comes from followed by chapters on its varied negative effects, and ending with recommendations for … [Read more...]
Unpacking Emergent Tokyo with author Jorge Almazán
In my previous post, I reviewed an old book on Japan while teasing a new one:If you read one book about Japan this year, it should be the beautiful, new Emergent Tokyo: Designing the Spontaneous City by Jorge Almazan and his Studiolab colleagues, including Joe McReynolds. But if you read … [Read more...]
Book Review: The Making of Urban Japan
If you read one book about Japan this year, it should be the beautiful, new Emergent Tokyo: Designing the Spontaneous City by Jorge Almazan and his Studiolab colleagues, including Joe McReynolds. But if you read two books about Japan, as you should, the second one should be André Sorensen's … [Read more...]
Land Value Taxation and Intertemporal Tradeoffs
Georgists assert that a Land Value Tax (LVT) ensures land is always put to its most efficient use. They claim that increased carrying costs deter speculation. And if valuable land is never held out of use, society is better off.I think the story about incentives is correct. But I question … [Read more...]
Entrepreneurs and the Changing Political Economy of Housing
Discussions about land use reform focus on policy – as they should. Overcoming NIMBYism will require deep legal, political, and regulatory reform. That said, entrepreneurs may be helping to short circuit the perverse incentives that give rise to NIMBYism in the first place. New companies may be … [Read more...]
Protecting Housing Affordability by Protecting the Right to Build Housing
Legislators in Colorado and Tennessee have introduced bills modeled on Arizona’s Private Property Rights Protection Act, a law that requires municipal governments to compensate landowners when new land use regulations make land less valuable. Both states already have areas with housing affordability … [Read more...]
Reasons to be a Census skeptic
Over the past week, the press was chock full of 2020-style headlines like "Census Bureau Confirms Pandemic Exodus from SF." That's because according to the Census Bureau, virtually every urban county in the U.S. (even urban counties in growing metros like Dallas and Atlanta) lost population between … [Read more...]