Matt Yglesias' new Kindle single, The Rent Is Too Damn High, is a quick and engaging read on the reasons that much of the conventional wisdom about housing markets is wrong. While Yglesias has many progressive views, with regard to land use he takes a classical liberal stance. He explains that the … [Read more...]
Maryland realtors fight to protect their subsidy
This post originally appeared at Neighborhood Effects, a Mercatus Center blog where we write about the economics of state and local policy.We've already explored Governor O'Malley's proposal for the Maryland budget here and here, but recently, a perhaps unintended consequence of the budget … [Read more...]
A hole in the literature?
In the comments of a previous post, readers discussed the incentives facing different types of landowners whose properties are facing potential upzoning, demonstrating just how complicated the relationship between land use regulations and property values is. As I see it, theory tells us that … [Read more...]
Transportation and Infrastructure Blues Links
1. For anyone who doesn't follow Stephen on Twitter at @MarketUrbanism, he's now a real estate reporter at International Business Times. Here he covers criticism of the National Association of Realtors' forecast that housing prices have bottomed out.2. In the debate over whether or not to ban … [Read more...]
DC Office of Planning releases an underwhelming study of proposed new streetcar network
Last week the DC Department of Transportation DC Office of Planning released a Streetcar Land Use Study describing the impacts that the proposed DC streetcar network will have for the city. Greater Greater Washington accepts the study as proof that the streetcar will be great for DC. The report is … [Read more...]
Street art: violation of property rights or positive emergent order?
Among Egypt's pro-democracy protesters, graffiti has played an important role in the communication, providing a platform for free speech under military rule. The Associated Press reports: Graffiti has turned into perhaps the most fertile artistic expression of Egypt's uprising, shifting rapidly to … [Read more...]
“Really Narrow Streets” project in the planning stages in Maine
In Maine, a group of residents are hoping to start a new community based on the principles of urban design advocated by Nathan Lewis at New World Economics and J.H. Crawford at Carfree.com. The group, led by Tracy Gayton, is hoping to attract enough individual investors to buy 125 acres of land … [Read more...]
“Upzoning means up yours!” Links
1. The title quote comes from this gem of an LA Weekly article about proposed changes to Hollywood's zoning code which would allow for taller buildings and denser development. According to the Weekly, "For decades, zoning that governs height and size has preserved thousands of affordable, low-slung, … [Read more...]