So this weekend we learned that condos are bizarre and pretty much guaranteed to cause problems in the longrun, when maintenance bills skyrocket, the buildings are out of date, and the land beneath them appreciates, but you can't redevelop the property because all the owners will never agree.You … [Read more...]
Good Transit Is Ugly Transit
Shinjuku Station, Tokyo Train stations in Japan are a lot of things. They are busy – Tokyo’s Shinjuku Station sees two-thirds as many passengers as the entire NYC Subway. They are complex – the big ones are shared by multiple railway companies, from public to private and everything in between. … [Read more...]
Elevated rail vs. road, and…monorails?
I started reading Fogelson's Downtown with the intention of learning more about elevated trains, and though I've been slightly disappointed in that regard (more to come on that after I finish and attempt a more comprehensive review), he does include a lot of interesting history. I'm posting this … [Read more...]
Japanese transit and what it can teach us
For a libertarian urbanist blogger, I've always felt kind of embarrassed by my lack of knowledge about East Asian transit, considering that it's the only place left on earth with a thriving competitive private transportation market (they even have profitable monorails!). I've heard good things about … [Read more...]
Internalizing positive transit externalities
by Stephen SmithThe Wall Street Journal ran an article a few days ago claiming that the MTA's recent NYC transit cuts have lowered real estate prices along train and bus lines that have been axed. While it's not a quantitative study, the anecdotes are compelling: "The buyer who buys in Astoria … [Read more...]
Vending Machine Economics in Japan
Tyler Cowen of Marginal Revolution is in Japan, and is fascinated by the number of vending machines. He takes a minute to ponder on the economics of vending machines in Tokyo.First we must look to the shortage of storage space in homes. I suspect few Japanese want to buy big piles of stuff … [Read more...]