Housing has a lot going against it in the California. But amidst all the legal, political, and regulatory roadblocks, there’s one law that sneaks by largely unnoticed: Prop 98.Prop 98 guarantees a minimum level of state spending on education each year. Sacramento pools most city, county, and … [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...]
Undead Ideas: Rent Control
In these days of economists constantly debating the right way to revive the economy, it seems like there is no way to find consensus among economists. Economists don’t spend much time debating the issues they agree on, and to them, rent control is about as dead an issue as the earth revolving … [Read more...]
My Article at FreePo on the Resurrection of Rent Control
The Orange County Register’s new site, Freedom Politics just posted an article I wrote for them on rent control. Here’s a snippet: In these days of economists constantly debating the right way to revive the economy, it seems like there is no way to find consensus among economists. … [Read more...]
Redistribution
Discussing Ithaca, New York's plan to increase permitted density and reduce parking minimums, I can dig what Matthew Yglesias says : The distributive impact of parking minimums is to redistribute income from people who don’t own cars to people who do own cars—not to shift income from poor to rich. … [Read more...]
Glaeser: Let Housing Prices Fall
Ed Glaeser gives three compelling reasons why the government should end their infatuation with high housing prices. (Nonetheless, some of the same politicians speak through the other side of their mouths about promoting housing affordability): Why We Should Let Housing Prices Keep FallingThere … [Read more...]
Parking Minimums Hamper Development and Affordability
Thanks to Dan and Benjamin for separately tipping me off to this link: AP: Cities rethink wisdom of 50s-era parking standardsLike nearly all U.S. cities, D.C. has requirements for off-street parking. Whenever anything new is built — be it a single-family home, an apartment building, a store … [Read more...]
WSJ: Rent Control Is the Real New York Scandal
In case you didn't catch it last weekend, Eileen Norcross wrote an excellent piece on rent control in New York. She touches on Charlie Rangel's four rent control apartments scandal, some history of rent control in New York, the destructive results of rent control, vast inefficiencies caused by rent … [Read more...]