I had always thought dollar stores were a nice thing to have in an urban neighborhood, but recently they have become controversial. Some cities have tried to limit their growth, based on the theory that "they impede opportunities for grocery stores and other businesses to take root and grow." … [Read more...]
No, this study does NOT support refusal to build housing
A recent headline in the Forbes blog screams: "Additional Housing Won't Make City More Affordable, Says Fed Study." This blog post cites a Federal Reserve Study showing that adding 5 percent more housing in the most desirable urban neighborhoods would lower rents by only 0.5 percent.But if you … [Read more...]
Is Zoning Popular? Reevaluating the Evidence
In my regular discussions of U.S. zoning, I often hear a defense that goes something like this: “You may have concerns about zoning, but it sure is popular with the American people. After all, every state has approved of zoning and virtually every city in the country has implemented zoning.”One … [Read more...]
Urban[ism] Legend: The “Geographically Constrained Cities” Fantasy
One common argument against building new urban housing is that cities are geographically constrained by their natural and political boundaries, and thus can never build enough housing to bring prices down. This claim rests on a variety of false assumptions.The first false assumption is that the … [Read more...]
NIMBY Contradictions
Ever since zoning was invented in the 1920s, homeowners have argued that limits on density and on multifamily housing are necessary to protect property values. But today, urban NIMBYs seek to prevent new housing on the ground that new housing will lead to gentrification, which will in turn lead to … [Read more...]
More on “Empty Houses”
I recently saw a Facebook post asserting that San Francisco has 30,000 vacant units, so therefore no market-rate housing should be built. So I looked up Census data on these allegedly empty units.It is true, according to the Census Factfinder website, that there are 30,000 or so unoccupied … [Read more...]
The “Empty House” Theory
One common argument against new urban housing runs as follows: "If we build new housing, it will all be bought up by rich investors who will sit on it. So new supply doesn't restrain housing costs." This argument (at least as I have phrased it) strikes me as absurd. Here's why: for the argument … [Read more...]
Urban[ism] Legend: A Home Is A Good Investment
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...]