One long-forgotten housing option is residential hotels; a century ago, most renters lived in hotels and shared space with short-term tenants. I just read a book, Living Downtown, about the rise and fall of residential hotels. Rather than discuss them in detail I refer you to my amazon.com … [Read more...]
How Governments Outlaw Affordable Housing
This post was originally published at mises.org and reposted under a creative commons license.It's no secret that in coastal cities — plus some interior cities like Denver — rents and home prices are up significantly since 2009. In many areas, prices are above what they were at the peak of the … [Read more...]
Exclusionary Zoning and “Inclusionary Zoning” Don’t Mix
Inclusionary Zoning is an Oxymoron The term “Inclusionary Zoning” gives a nod to the fact that zoning is inherently exclusionary, but pretends to be somehow different. Given that, by definition, zoning is exclusionary, Inclusionary Zoning completely within the exclusionary paradigm is synonymous … [Read more...]
Why No Micro-Apartments in Chicago?
Several cities have jumped on the bandwagon of building Micro-apartments, a hot trend in apartment development. San Francisco and Seattle already have them. New York outlawed them, but is testing them on one project, and may legalize them again. Even developers in smaller cities like … [Read more...]
Return to Sender: Housing affordability and the shipping container non-solution
Washington, D.C. has a monopoly on many things. Bad policy, unfortunately, isn’t among them. Last month, a development corporation in Lexington, Kentucky installed a shipping container house in an economically distressed area of town to improve housing affordability. The corporation is a private … [Read more...]
Urban[ism] Legend: The Free Market Can’t Provide Affordable Housing
![Urban[ism] Legend: The Free Market Can’t Provide Affordable Housing](https://i2.wp.com/ec2-34-201-95-206.compute-1.amazonaws.com/wp-content/uploads/2015/03/CityCenter_DC_-_construction_06_-_2011-12-30.jpg?fit=2000%2C1333)
Over at Greater Greater Washington, Ms. Cheryl Cort attempts to temper expectations of what she calls the “libertarian view (a more right-leaning view in our region)” on affordable housing. It is certainly reassuring to see the cosmopolitan left and the pro-market right begin to warm to the … [Read more...]
Only 2 Ways to Fight Gentrification (you’re not going to like one of them)
Gentrification is the result of powerful economic forces. Those who misunderstand the nature of the economic forces at play, risk misdirecting those forces. Misdirection can exasperate city-wide displacement. Before discussing solutions to fighting gentrification, it is important to accept that … [Read more...]
Gentrification in Reverse
Co-authored with Anthony Ling, editor at Caos Planejado Gentrification is the process through which real estate becomes more valuable and, therefore, more expensive. Rising prices displace older residents in favor of transplants with higher incomes. This shouldn't be confused with the forced … [Read more...]