Rent control has devalued property so badly that you could make a million dollars by tearing down a nice 12-unit building in my neighborhood.
How big is the housing shortage?
Land for sale. Photo: appaloosa (CC BY-NC-ND 2.0)Two teams of researchers recently released estimates of the U.S. housing shortage - and they differ by a factor … [Read More...]
Long-term renters ARE short-term renters (maybe)
One reason local governments are often hostile to Airbnb and similar home-sharing websites is that politicians believe that the interests of short-term renters and long-term renters are opposed- that is, that Airbnb wastes housing units that could be used by … [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 … [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, … [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 … [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 … [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 … [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 … [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 … [Read More...]