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...]
The Duplex: Gateway Drug to Urban Density
After over a century, Berkeley, California may be about to legalize missing middle housing - and it’s not alone. Bids to re-legalize gradual densification in the form of duplexes, triplexes, fourplexes, and the like have begun to pick up steam over the last several years. In 2019, Oregon legalized … [Read more...]
California Housing Reform: 2021 Edition
Current events being what they are, I’m happy to be writing about something positive. Once again, we’re getting an ambitious housing reform package in the California legislature. The various bills focus on removing obstacles to new housing and are a sign of the growing momentum Yimby activists have … [Read more...]
What’s a stickplex?
A stickplex is a dense residential structure or group of structures built with inexpensive materials and techniques, most commonly wood. Stickplexes use 2,500 square feet of land per unit or less. Stickplexes have per-square-foot construction costs roughly in line with detached houses due to … [Read more...]
Are Dollar Stores Wiping Out Grocery Stores?
I had always thought dollar stores were a nice thing to have in an urban neighborhood, but recently they have become controversial. Some cities have tried to limit their growth, based on the theory that "they impede opportunities for grocery stores and other businesses to take root and grow." … [Read more...]
The Human Cost of Zoning in Indian Cities
by Shanu AthiparambathYears ago, I worked for a magazine in Delhi. I wanted to live near the magazine office, but the rent was too damn high. In a low-rent area nearby, I rented a dingy room my girlfriend named “The Black Hole.” In buildings sitting across the street from mine, rents were many … [Read more...]
Homeownership and the Warren Housing Bill
Elizabeth Warren’s housing bill has received a lot of love from those who favor of land use liberalization. Like Cory Booker’s housing bill, the Warren bill would seek to encourage state and local land use reform using federal grants as an incentive. Warren’s bill would significantly increase … [Read more...]
Democratic Candidates on Housing
Anti poverty programs have been taking center stage as the 2020 Democratic primary heats up. Proposals from Kamala Harris and Corey Booker target high housing costs for renters and make for an interesting set of ideas. These plans, however, have major shortcomings and fail to address the fundamental … [Read more...]