During the Trump Administration, liberals sometimes criticized conservatives for being anti-anti-Trump: that is, not directly championing Trump's more obnoxious behaviour, but devoting their energies to criticizing people who criticized him.Similarly, I've seen some articles recently that were … [Read more...]
Louisville and density regulation
Lydia Lo and Yonah Freemark have an interesting new paper ? EditSignon zoning in Louisville on the Urban Institute website. They point out that of the land zoned for single-family housing, 59 percent is zoned R4, requiring 9000-square-foot lots, which means no more than five houses per … [Read more...]
Is affordability just, “You get what you pay for”?
In a tweet this week, the Welcoming Neighbors Network recommended that pro-housing advocates keep supply-and-demand arguments in their back pockets and emphasize simpler housing composition arguments:https://twitter.com/WNNProHousing/status/1582157909827653636This advice makes an … [Read more...]
Is Tokyo comparable to U.S. cities?
In his new book Arbitrary Lines, Nolan Gray points out that Tokyo is more affordable than many U.S. cities because its zoning policies are less restrictive.One common counterargument is that because Tokyo is a population-losing city in a population-losing city, it simply lacks the demand to have … [Read more...]
Review: Homelessness is a Housing Problem
In Homelessness is a Housing Problem, Prof. Gregg Colburn and data scientist Clayton Page Aldern seek to answer the question: why is homelessness much more common in some cities than in others?They find that only two factors are significant: 1) overall rents and 2) rental vacancy rates. Where … [Read more...]
Getting to “Yes”
In laudable news, the Pew Charitable Trusts have backed a research project at NYU’s Furman Center to commission and publish work “to understand how specific land use reforms…have affected outcomes on the ground, especially with respect to residential development.”While looking forward to that … [Read more...]
The banks aren’t beating first time buyers – It’s the NIMBYs.
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...]
Financialization and housing costs
One common explanation for high rents is something called "financialization." Literally, this term of course makes no sense: any form of investment, good or bad, involves finances.But I think that the most common non-incoherent use of the term is something like this: rich people and … [Read more...]