This Week in Land-Use Regulation, May 24th

This Week in Land-Use Regulation, May 24th

News and Commentary

A new medium post from Joe DiStefano of Urban Footprint goes through the potential effects of the recently postponed SB 50. The benefits of the jobs-rich area provisions, upzoning areas near placed with high prospects for economic opportunity, will likely have a greater impact than the upzoning near public transit. Meanwhile, “the grumpy economist” John Cochrane described SB 50 as “almost sane housing supply.”

A New Hampshire local newspaper argues for the legalization of ADUs to improve housing affordability in Manchester. Housing affordability is an issue everywhere, and even relatively small changes like allowing ADUs can move the needle.

The New York Times lays the blame for housing affordability on wealthy, overwhelmingly liberal, NIMBY cities. While there’s a bit of a selection problem associated with laying the blame on liberals in these cities (they’re far more likely to be able to afford these expensive properties in the first place), it does remain a glaring failure of liberal policymakers in these areas.

In markets with elastic housing supply, regional income inequality decreases as people move from low-productivity areas to high ones, and capital moves from more expensive labor markets to cheaper ones. A restrictive housing market, as this New York Times article argues, makes it more financially viable for low-productivity workers to move to low-wage areas with cheaper housing.


New Research

The American Economic Association has put out several articles on the effects of rent control. Here’s a quick rundown:

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By |2019-05-24T08:03:46-07:00May 24th, 2019|Blog, Land Use Regulation|