Happy Pi Day!
Rent Check
Daniel Shoag has an excellent review of the current debate on housing supply published by Brookings Institution’s Hamilton Project. Knowing what doesn’t work is just as important as knowing what does.
The market for housing improvement now makes up more than half of all investments in housing. This has been fueled in part by increased home equity.
News and Commentary
The progressive and free-market wings of the YIMBY movement are often at odds, but inclusionary zoning measures, despite mixed evidence on their effects, could help break the deadlock.
Rent control is gaining momentum across the country, particularly in progressive cities and states. Unfortunately, it’s a demand-side solution to a supply-side problem.
Berkeley starts the “Missing Middle Initiative,” which aims to increase housing choice in the Bay Area municipality. While there are a large number of single-family homes and a few high-rise apartment buildings, there are relatively few housing options in the middle, like duplexes and fourplexes.
Elizabeth Warren’s new affordable housing plan would include over $450 billion over ten years in grants to state and local governments to increase low-income housing supply. But there’s a catch: to qualify, governments must change their zoning codes to become more inclusionary. You can read Warren’s statement here.
New Research
One of the largest problems with urbanization (or the lack thereof) today is the focus on driving rather than walking or public transit as the primary means of transportation. A new paper documents the rules that subsidize driving over more efficient alternatives.
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