In a recent blog post, Julia Galef has generated a fairly comprehensive list of pro-housing arguments and counterarguments to those arguments.She gives the most detailed consideration to the "infinite demand" argument- in her words,“So even if SF adds a lot of additional housing, prices will … [Read more...]
The “Foreign Buyers” Argument
A common argument against new housing supply is that in high-cost cities such as New York, demand from foreign buyers is so overwhelming as to make new supply irrelevant. A recent study (available here) by two business school professors suggests otherwise. The study does show more foreign … [Read more...]
Are Billionaires To Blame?
One common argument I have read in various places is that the high rent of New York and other large cities is a result of globalization and inequality (English translation: rich foreigners). According to this theory, rich people have created a surge of demand so overwhelming that no amount of … [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...]
Friday links
1. Miller-McCune (what a bad name for a magazine) has an article about a possible VMT tax, and points out that more fuel-efficient vehicles will lead to less gas tax revenue.2. Streetsblog has an extremely unflattering profile of Republican nominee for NY Governor Carl Paladino. He made a name … [Read more...]
Neighborhood Walkability Scores
A recent Wall Street Journal blog post refers to a website called Walk Score. Walk Score will let you know the walkability of a neighborhood based on the address you type in. The site also features ranking of cities and neighborhoods.Here are the city rankings: 1. San Francisco, CA 2. New … [Read more...]
NY Gov. Patterson’s Rent-Stabilized Apartment in Harlem
NY Sun: Paterson Pays A Stabilized Rate of Rent The governor of New York pays about $1,250 a month for a two-bedroom, rent-stabilized apartment in central Harlem, even while owning a home upstate in Guilderland and having unfettered access to the 40-room Governor's Mansion in Albany.Governor … [Read more...]