Earlier today I posted the video of the Cato discussion on housing with Randal O'Toole, Ryan Avent, Adam Gordon, and Matt Yglesias, but I wanted to transcribe one segment towards the end. (Like I said, it's hard to skip to the end of the streaming video because you can't scroll beyond what's already … [Read more...]
Market Urbanism vs. Market Suburbanism smackdown at Cato: “The Death and Life of Affordable Housing”
The debate you've been waiting for! Randal O'Toole, Matt Yglesias, Ryan Avent, and Adam Gordon participated yesterday in a discussion at the Cato Institute moderated by Diana Lind from Next American City/Forefront. (How had this never happened before??)Randal O'Toole did not disappoint, arriving … [Read more...]
Some Empirical Evidence on Preference for Cities
This semester I took an econometrics class because I got an MA with the bare minimum of quantitative classes. For the class, I wrote a paper asking the question, "Are consumers willing to pay a premium to live in dense urban areas?" It's easy to see that urban density is correlated with higher … [Read more...]
Mandating attractive urban design
The most recent installment of the American Enterprise Institute's series Society and Culture Outlook features a piece about the role of urban design in how people use cities. The article "A plea for beauty: a manifesto for a new urbanism" by Roger Scruton is a deviation from AEI's typically … [Read more...]
A hole in the literature?
In the comments of a previous post, readers discussed the incentives facing different types of landowners whose properties are facing potential upzoning, demonstrating just how complicated the relationship between land use regulations and property values is. As I see it, theory tells us that … [Read more...]
Cities and the Market Process: Part 2
In the first post of this little series, I addressed the problems of top down land use regulation through the lens of Austrian economics. Because cities contain public space and infrastructure that is used by many residents and cannot be bought and sold in the way that many goods can be, Alon Levy … [Read more...]
Cities and the Market Process: Part 1
In a post about the tendency for emergent urbanists to promote the idea of cities having a single equilibrium, Alon Levy recently wrote that collective choice is the best manner for determining urban form. Many urbanists accept that some of the top-down regulations that limit density or use are … [Read more...]
Transit Oriented Development in Chevy Chase
In Chevy Chase, MD county planners have revised plans for the Chevy Chase Lake Sector from high rise, mixed-use development to low-rise, primarily residential buildings. The trigger to allow for higher-density development will be the arrival of the Purple Line, a proposed light rail that would … [Read more...]