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Liberalizing cities | From the bottom up

“Market Urbanism” refers to the synthesis of classical liberal economics and ethics (market), with an appreciation of the urban way of life and its benefits to society (urbanism). We advocate for the emergence of bottom up solutions to urban issues, as opposed to ones imposed from the top down.

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Latest rent research

February 21, 2021 By Michael Lewyn

A recent paper by UCLA researchers discusses 2019-20 literature on the relationship between new construction and rents. The article discusses five papers; four of them found that new housing consistently lowers rents in nearby buildings.For example, Kate Pennington wrote a paper on the … [Read more...]

Filed Under: Economics, Gentrification, housing, Michael Lewyn, Uncategorized Tagged With: housing, rent

No, this study does NOT support refusal to build housing

August 26, 2018 By Michael Lewyn

A recent headline in the Forbes blog  screams: "Additional Housing Won't Make City More Affordable, Says Fed Study."  This blog post cites a Federal Reserve Study showing that adding 5 percent more housing in the most desirable urban neighborhoods would lower rents by only 0.5 percent.But if you … [Read more...]

Filed Under: housing, Michael Lewyn, Urban[ism] Legends Tagged With: rent

Does Density Raise Housing Prices?

November 1, 2017 By Michael Lewyn

My last post, on urban geographic constraints and housing prices, led to an interesting discussion thread.  The most common counter argument was that because dense cities are usually more expensive, density must cause high cost.  But if this was true, cities would become cheaper as they became less … [Read more...]

Filed Under: Economics, housing, Michael Lewyn, sprawl Tagged With: density, rent

Does Home-sharing Create Negative Externalities?

August 3, 2016 By Michael Lewyn

 A decade or two ago, a traveler who wished to stay in a city temporarily had no alternative to a hotel. Even if the owner of a house or condominium wished to rent out a room for a short period of time, the costs of advertising in a newspaper would have at least partially canceled out the … [Read more...]

Filed Under: housing, Travel, Uncategorized Tagged With: airbnb, home-sharing, housing, mixed use, rent

Are Billionaires To Blame?

May 12, 2016 By Michael Lewyn

One common argument I have read in various places is that the high rent of New York and other large cities is a result of globalization and inequality (English translation: rich foreigners).  According to this theory, rich people have created a surge of demand so overwhelming that no amount of … [Read more...]

Filed Under: Economics, housing, Policy Tagged With: new york, rent

Rent Control Part 3: Mobility, Regional Growth, Development and Class Conflict

May 28, 2008 By Adam Hengels

Part One of this series was a refresher on the Microeconomics of Rent Control and touched on how it encourages hoarding Part Two discussed rent controls influence on the black market for apartments, rental property deterioration and housing discrimination. Here in Part Three, we will discuss how … [Read more...]

Filed Under: rent control Tagged With: affordable housing, class conflict, development, discrimination, Economics, employment, Free-market, gentrification, housing, landlord, mobility, nyc, peter cooper village, regional growth, rent, rent control, rent stabilization, rent-regulated, segregation, stuyvesant town, taxes, tenant, Walter Block

Rent Control Part 2: Black Market, Deterioration and Discrimination

May 23, 2008 By Adam Hengels

With New York's new Governor's rent subsidized by his landlord and California debating the best ways to end rent control through Proposition 98, I thought it was a good opportunity to discuss the negative aspects of rent control.This post is the second in a four part series on the rent control. … [Read more...]

Filed Under: rent control Tagged With: black market, bronx, bronx is burning, California, discrimination, Economics, Free-market, housing, Ilya Somin, microeconomics, nyc, proposition 98, rent, rent control, rent stabilization, rent-regulated, segregation

Rent Control Part 1: Microeconomics Lesson & Hoarding

May 21, 2008 By Adam Hengels

This post has been released as the first in a four part series: Rent Control Part One: Microeconomics Lesson and Hoarding Rent Control Part Two: Black Market, Deterioration, and Discrimination Rent Control Part Three: Mobility, Regional Growth, Development, and Class Conflict Rent Control Part … [Read more...]

Filed Under: Economics, rent control, video Tagged With: Alex Tabarrok, Assar Lindbeck, bombing, California, Economics, Free-market, housing, landlord, microeconomics, nyc, Professor Richard McKenzie, proposition 98, rent, rent control, rent stabilization, rent-regulated, San Francisco, tenant, video

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