In a recent blog post, Julia Galef has generated a fairly comprehensive list of pro-housing arguments and counterarguments to those arguments. She gives the most detailed consideration to the “infinite demand” argument- in her words, “So even if SF adds a lot of additional housing, prices will still rise almost as quickly as they would […]
The Color of Law: A Forgotten History of How Our Government Segregated America
Richard Rothstein’s “The Color of Law: A Forgotten History of How Our Government Segregated America” should be required reading for YIMBYs and urbanists of any … [Read More...]
People Over Process: Why Democracy Doesn’t Justify Exclusion
Some people accept the idea that restrictive land use policy is just as bad as all the research suggests, but persist in supporting the status quo. They argue that if a community chooses to regulate its built environment, that choice should be respected as … [Read More...]
Is inclusionary zoning legal?
Market Urbanism may soon have a hearing in the Supreme Court. Two of my colleagues at the Mercatus Center, Sandy Ikeda, half a dozen other professors, and I argue that the Court should take up the case 616 Croft Ave., LLC, v. City of West Hollywood. The case … [Read More...]
COSMOS + TAXIS Issue on Jane Jacobs
Jane Jacobs’ writings span several disciplines—including ethics and most especially economics—but she is best known for her contributions to and her critique of urban planning, design, and policy. Many of those whom she influenced in academia, policy, and … [Read More...]
Empty Houses, part 2
The most interesting comment to my last post focused on one narrow issue: to what extent are vacant housing units second homes (and thus presumably less likely to be rented out) as opposed to units for rent/sale or held for other unknown reasons?Why does … [Read More...]
The “Empty House” Theory
One common argument against new urban housing runs as follows: "If we build new housing, it will all be bought up by rich investors who will sit on it. So new supply doesn't restrain housing costs." This argument (at least as I have phrased it) strikes me as … [Read More...]
Rent Control Again
A blog post in Pacific Standard seeks to defend rent control- an idea that, as the author admits, is generally detested by economists.The author writes that "rent regulations give tenants a greater stake in their community and incentivize them to put time, … [Read More...]
YIMBYism: Its Not Just For Conservatives
Last week, I posted about an attack on YIMBYs (activists who favor less zoning and more housing) that used the term "alt-right"; the authors of that blog post recently doubled down with a slightly more moderate op-ed that still tarred YIMBYs as "aligned with … [Read More...]
What makes Philadelphia so affordable?
In 2005, Joseph Gyourko published an economic history of Philadelphia. He explored the economic and policy factors that contributed to its population and job loss during the twentieth century. Gyourko's outlook for Philadelphia was pessimistic. He argued that … [Read More...]