I think the most useful way to think about NIMBYism is as a neighborhood-centered phenomenon. When people shop for homes, they shop for specific, physical features of a dwelling, of course, but mainly they shop for neighborhoods. The quality of neighborhood amenities — interpreted broadly … [Read more...]
4 Things Austin’s City Council Could Do Today To Fight The Housing Shortage
Central Austin needs more housing. Prices have been rising, more and more people want to live where they have short commutes, but are only able to afford homes near the periphery. We have a long-term plan to alter our land development code in a way that would help...but our need is now. What options … [Read more...]
Econ 101 And The Missing Middle
HUD has released 2015 building permit tallies. Austin’s tallies for 2015:Single Family Units: 2,846 Duplex units: 326 Units in 3-4 unit buildings: 30 Units in 5+ unit buildings: 6,890This bipolar split is typical of American cities. Some cities build more single-family than … [Read more...]
The Demand Curve For Sprawl Slopes Downward
Suburbs have been around for as long as there have been urbs – cities, that is – a fact Robert Bruegmann reminds us of in his excellent book Sprawl. And as sociologist Max Weber in The City and historian Henri Pirenne in Medieval Cities remind us, it’s often in the younger, freer suburbs rather … [Read more...]
NIMBYism As An Argument Against Urbanism
In his new book The Human City, Joel Kotkin tries to use NIMBYism as an argument against urbanism. He cites numerous examples of NIMBYism in wealthy city neighborhoods, and suggests that these examples rebut "the largely unsupported notion that ever more people want to move 'back to the city'." … [Read more...]
Airbnb Crowding Out Is A Symptom, Not A Cause Of Housing Shortages
When journalists, NIMBYs, politicians, and activists make claims about Airbnb taking potential full-time housing stock and converting it to leisure space, they operate under the assumption that the housing supply must be fixed. This assumption is half true: By no means must the housing … [Read more...]
Urban[ism] Legend: A Home Is A Good Investment
![Urban[ism] Legend: A Home Is A Good Investment](https://i2.wp.com/ec2-34-201-95-206.compute-1.amazonaws.com/wp-content/uploads/2016/09/homeowners-insurance.jpg?fit=320%2C350)
Despite its poor track record, homeownership is the bad investment idea that never seems to die. Even though the financial crisis revealed the risks that homeowners take on by making highly leveraged purchases, policymakers are still developing new programs to encourage home buying. Both the Clinton … [Read more...]
Home-Sharing and Housing Supply
One common argument against Airbnb and other home-sharing companies is that they reduce housing supply by taking housing units off the long-term market.* As I have written elsewhere, I don't think home-sharing affects housing supply enough to matter. But even leaving aside the empirical question of … [Read more...]