Hovering somewhere just beyond all the land use zoning regulations, building codes, finance mechanisms, aspirational comprehensive municipal plans, state mandates, and endless NIMBYism lies… reality.If you happen to want to live in certain parts of coastal California you need to come … [Read more...]
Supply-And-Demand Denial And Climate Change Denial
I have criticized the idea that the law of supply and demand no longer applies to big-city housing (or, as I call it, supply-and-demand denialism, or "SDD" for short). It just occurred to me that there are a few similarities between supply-and-demand denialists and those who deny climate change. To … [Read more...]
So Much For The Foreign Oligarchs
One common argument against new housing in high-cost cities is that the rise of global capitalism makes demand for urban housing essentially unlimited: if new apartments in Manhattan or San Francisco are built, they will be taken over by foreign billionaires in quest of American real estate, who … [Read more...]
9 Barriers To Building Housing In Central City Austin
The Austin area has, for the 5th year running, been among America's two fastest-growing major metro areas by population. Although everybody knows about the new apartments sprouting along transportation corridors like South Lamar and Burnet, much of the growth has been in our suburbs, and in … [Read more...]
Rent Control Is Bad For Both Landlords And Tenants
When laypeople hear the phrase “rent control”, they typically conjure up one of a few images. Tenants imagine easy street, a world where housing is ridiculously low cost. Maybe they think of rent control in NYC, where they saw the characters from Friends live in large apartments for far below market … [Read more...]
Why Does Houston Have Such A Great Restaurant Scene?
Browsing through peoples' posts of their favorite things to do in Houston, there's a recurring theme of eating out. USA Today called Houston "the dining-out capital of the nation": on average, we eat out more often than any other city in the country, at the second-lowest average price … [Read more...]
Part II: The need for low-quality housing
Last week I wrote a post highlighting how important it is for major cities to have places for low-income people to live. Without the opportunity to live in vibrant, growing cities, our nation's poor can't take advantage of the employment and educational opportunities cities offer. My post … [Read more...]
The need for low-quality housing
The market urbanism axiom -- permitting housing supply to increase is key to achieving affordable housing -- has been made recently by Rick Jacobus at Shelterforce and Daniel Hertz at City Observatory. However both argue that even with an increasing supply, low-income people will need aid in order … [Read more...]