Rent Check
San Francisco moves to do away with parking requirements. Update: since this post was written, the proposal was accepted. San Francisco joins Hartford, CT as a major American city to completely do away with the requirement.
News and Commentary
Density as a solution to climate change. Though it seems counterintuitive, even without “green spaces,” cities are overwhelmingly good for the environment because they use energy and space more efficiently. They also make commuting using means other than cars more practical.
Interview with Alain Bertaud, author of Order Without Design. “Cities are labor markets” he said in an interview with Nolan Gray. “People go to cities to find a good job. Firms move to cities, which are expensive, because they are more likely to find the staff and specialists that they need. If a city’s attractive, that’s a bonus. But basically, they come to get a job.”
New Research
Matching in cities. The paper finds that elasticity of matching (the ease with which buyers and sellers can connect with each other, in this case workers and the firms that purchase their labor) is higher in cities.
Almost one-third of Americans were cost-burdened in 2017. The traditional threshold for cost-burdened is 30% of income (or more) spent on housing. Research from the Joint Center for Housing Studies at Harvard University found that 31.5% of households were cost-burdened in 2017, down only slightly from 2016 (32.0%).
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