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...]
Archives for September 2016
Market Urbanism MUsings September 9, 2016
1. This week at Market Urbanism Shut Out: How Land-Use Regulations Hurt the Poor by Sandy IkedaMy colleague Emily Washington and I are reviewing the literature on how land-use regulations disproportionately raise the cost of real estate for the poor. I’d like to share a few of our … [Read more...]
Supply and Demand: A Response to 48hills
In a recent piece published by 48hills, former Berkeley planning commissioner Zelda Bronstein takes aim at...well...too many things for me to succinctly recount in detail. So instead of attempting to respond to every single argument littered throughout her 7,000 word article, I’ll focus on the big … [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...]
Are States Really The Solution To Urban Mismanagement?
Recently Stephen Eide, writing in City Journal, argued that states could run cities better than cities can run themselves, by offering an antidote to the mismanagement gripping many localities (“Caesarism for Cities:, March 2016). In the process, he overlooked the nefarious nature of many … [Read more...]
Shut Out: How Land-Use Regulations Hurt the Poor
People sometimes support regulations, often with the best of intentions, but these wind up creating outcomes they don’t like. Land-use regulations are a prime example.My colleague Emily Washington and I are reviewing the literature on how land-use regulations disproportionately raise the cost of … [Read more...]
Market Urbanism MUsings September 2, 2016
1. This week at Market Urbanism Palo Alto: The Land of Too Many Jobs by Jeff FongThe status quo isn’t defensible if you’re concerned with environmental degradation, inequality, poverty, slow growth, or even the decline of property rights. But, for tax protected homeowners, the status … [Read more...]