News and Commentary
The Mercury News published an interesting letter to the editor in response to an article on Bay Area housing. The author argues that the opposition to current efforts is so large that advocates should be spending their time building consensus.
The Pro-Market blog had a post last week that used housing market data to analyse inequality. It looked at the diverging fortunes of housing prices and stock prices during and after the Great Recession to understand the rise of demographic inequality.
Joe Cortright took to the City Observatory to argue that high housing prices are simply a sign that the city is a desirable place to live. Meanwhile, cheap places like Detroit and Akron prove that the market keeps prices low in unwanted areas.
Rockstar Johnny Rotten is angry that his multi million dollar Los Angeles home is being vandalized, like the rest of the city, by the homeless population.
The Vail Unified School District in Vail, Arizona is taking an innovative approach to providing housing for their teachers. They are putting tiny home communities on plots of land owned by the school district.
Joshua Alvarez explains why the emerging media narrative on Mayor Pete Buttigieg’s housing program in South Bend is wrong. It doesn’t make sense to call it “gentrification” when it was simply repairing and replacing abandoned and vacant housing.
THe Washington Post’s Marissa J. Lang discussed gentrification in Washington, DC. Unlike in other cities, gentrification in DC does result in the displacement of the minority communities that live in the gentrified areas.
Zev Yaroslavsky, a prominent former Los Angeles City council member, came out to publicly condemn SB 50, saying it would destroy communities and represents government overreach.
New Research
Despite being largely free of restrictive land use regulation, Texas suburbs still see some artificially high prices. According to a new Mercatus report, minimum lot sizes in Texas suburbs keep prices artificially high.
How does the housing market contribute to racial segregation? A new NBER paper shows that African Americans have to combat both rising rent prices and falling value on the houses that they do own, meaning they are unable to accrue wealth.
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