Motivated Reasoning @ReasonMotivated
🏗️🏘️🔰 Joined April 2020-
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Build-to-rent fills an empty spot in metro Denver’s housing market trib.al/U2Isq6m
Austin's min lot size reform is great but remember: Never accept the claim that a city has "run out of land" The roof of every apartment building is land. The roof of every library is land. The roof of every school is land. Get building.
Austin's min lot size reform is great but remember: Never accept the claim that a city has "run out of land" The roof of every apartment building is land. The roof of every library is land. The roof of every school is land. Get building.
How single-family zoning screws over renters for the benefit of mansion-buyers:
Austin is truly taking an all-of-the-above path on land use reform: more small lots, triplexes, 5-over-1s, towers downtown, towers in student housing areas, rezonings all over town, density near transit, ending parking minimums, process streamlining, and much more!
Austin continues to be a national leader on zoning reform. Last year they built more homes than any other city in America. Instead of rents going up which some claim building new homes causes, average rents are DOWN 7% since last year. Boston/MA could learn from them.
Austin continues to be a national leader on zoning reform. Last year they built more homes than any other city in America. Instead of rents going up which some claim building new homes causes, average rents are DOWN 7% since last year. Boston/MA could learn from them.
Very under discussed and reported how many new buildings have gone fully section 8 voucher in philly. If you’re for low income housing, you should be for new market rate housing because more than a few of them are going for voucher tenants.
The thing is, IZ suppresses ALL kinds of housing development, not just small-scale. This UCLA study estimates that 11% IZ cuts market-rate production by 36%. And just a 0.6% increase in average rents would negate the benefit of the subsidized units. ternercenter.berkeley.edu/research-and-p…
The thing is, IZ suppresses ALL kinds of housing development, not just small-scale. This UCLA study estimates that 11% IZ cuts market-rate production by 36%. And just a 0.6% increase in average rents would negate the benefit of the subsidized units. ternercenter.berkeley.edu/research-and-p… https://t.co/Nzf6HTeBpU
Actually reading the statute/ordinance: the most underrated superpower in policymaking.
Dramatic demonstration of the YIMBY theory that developers can keep adding supply even into falling overall rents. Rental market segmentation works the opposite of NIMBY theory: New Class A supply actually hits Class B vacancy harder than Class A vacancy! Intense filtering.
Dramatic demonstration of the YIMBY theory that developers can keep adding supply even into falling overall rents. Rental market segmentation works the opposite of NIMBY theory: New Class A supply actually hits Class B vacancy harder than Class A vacancy! Intense filtering.
@conorsen Higher property taxes would be a great agenda for Gen Z: lowers house prices, encourages boomers to downsize and so unsticks housing inventory, soaks boomers and raises funds for urban abundance
Building more housing isn't this horrible cross we must bear. New homes and neighbors are not pollution. This crisis is an opportunity for richer lives: more housing options, more choice in how you get to work, more shops and services and restaurants, etc.
I'm excited to have a brief story up on the @metroabundance blog about the success of ending parking mandates in Minneapolis — a lesson that more cities should learn from. metroabundance.org/parking-reform…
I've been saying for a while now that @TernerHousing's development-simulation project is the most important policy-oriented research anyone's doing on housing. This 🧵(⤵️) really drives it home. Kudos to Shane & Terner for an incredibly fruitful collaboration.
I've been saying for a while now that @TernerHousing's development-simulation project is the most important policy-oriented research anyone's doing on housing. This 🧵(⤵️) really drives it home. Kudos to Shane & Terner for an incredibly fruitful collaboration.
This is a great read by @Noahpinion explaining how building more housing for the open market improves affordability for everyone. open.substack.com/pub/noahpinion…
11. Finally, I think we really need to reconsider which tools are best suited for which tasks in housing reform. Land use policy may be best suited to improving affordability in the wider housing market, while public subsidies are supplementing affordability.
9. I have plenty of concerns about misuses of inclusionary zoning, but this analysis also shows that well-designed programs like LA's TOC program—which combines voluntary participation with development bonuses—can increase both market-rate and below-market housing production.
I'm excited to share a new @UCLALewisCenter report, published in partnership with @TernerHousing, exploring some of the tradeoffs involved in the use of inclusionary zoning (IZ) policies to meet affordable housing goals. ternercenter.berkeley.edu/research-and-p…
As the New York legislature continues to debate its housing package, it is worth remembering that the evidence overwhelmingly shows building more homes can slow regional rent growth and free up units for low-income residents. buff.ly/47wE71L
Who cares about childcare? Cities make urban life hard for families in a lot of ways beyond restricting family-friendly housing types. This week, I look at how land use policies make childcare expensive, rare, and stressful. ryanpuzycki.com/p/who-cares-ab…
@_brianpotter @MargRev Together, these validate the YIMBY project: We aren't going to make a huge dent via more efficient lumber mills or breaking up monopolies in Romex. But land costs are big everywhere (20%), enormous (75%) in some places, and can be addressed via straightforward legal reforms.
Eleni Angelides @EAngelides
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2K Followers 5K Following when you have more than you need, build a longer table not a higher fence. Co-leading @boulderbedrooms. Trying to make it legal to share housing 🏡
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7K Followers 633 Following I discovered a new framework for understanding the housing bubble, the financial crisis, and costly housing markets. See my substack link for ongoing analysis.
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7K Followers 1K Following Transportation and growth reporter for @CPRNews in Denver. You can find me more often at the same handle on the good weather app.
Eleni Angelides @EAngelides
850 Followers 1K Following deputy legislative director & special housing advisor for @govofco • policy & music nerd • 🇬🇷 pride • views on this page are my own •
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38K Followers 378 Following On a sacred quest to increase the pace of economic growth at @abundanceinst. On the side of the builders. tfp/acc 🚀
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15K Followers 2K Following Excuse me, do you have a moment to talk about zoning?
Kevin Erdmann @KAErdmann
7K Followers 633 Following I discovered a new framework for understanding the housing bubble, the financial crisis, and costly housing markets. See my substack link for ongoing analysis.
@Alex_Armlovich @aarmlovi
7K Followers 2K Following Sr. Housing Analyst @niskanencenter🏗️ | Urban Econ 🌐🔰🚋 | former @cbcny | member @opennyforall @yimbytown Legalize housing. Tax land. End poverty with cash
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A major white pill for career-driven people is that the world’s a mess and most things aren’t actually done very well so if you look into just about anything deeply enough, you’ll find ways to make it better.
The Squamish Nation is doing exactly what YIMBYs want for the west side of SF with their Senakw project, citing that land use needs to be maximized for housing A multi-billion dollar real estate portfolio managed by an indigenous nation. It's something to replicate everywhere
"We should tear down other people's homes so that me and people like me can live there. We know what's best for that land." Y'all realize how incredibly colonialist this mindset sounds, right?
Me, whenever a politician calls for a freeze on property taxes as a solution to rising housing costs.
Whats notable about this Austin rent trend is that its coinciding with massive tech worker growth. Illustrating that it wasnt a given an in-migrarion of tech workers into San Francisco would lead to non stop rent spikes for 20 years.
Here's a great visualization: Austin's rent relative to the country (@zillow's measure) is now the lowest it has been in at least a decade.
Homebuilding - it works!
Here's a great visualization: Austin's rent relative to the country (@zillow's measure) is now the lowest it has been in at least a decade.
Now who was it who wrote about this phenomenon way back in 1879?
Technological progress induces a disproportionate and inefficient allocation of resources towards rent-seeking activities, reducing its impact on economic progress, from Vincent Glode and Guillermo Ordoñez nber.org/papers/w32359
it’s an extraordinarily gratifying experience to find out that your colleagues are the Real Fucking Deal. being around people who are serious about what they do feeds the soul like nothing else.
"but adding a bunch of market rate apartments for the sake of supply won't lower rents"
@conorsen All his interviews should be with Spanish-language soccer shows
“Local governments know their communities best” is based on the premise that communities are meant to be static.
It's incredible watching leadership in high-cost, low-supply cities continue opposing state housing reforms on the argument that local governments are best suited to solving the problem. You've been saying the same thing for 10+ years! Show me the evidence! We're done waiting.
@ShaneDPhillips the purpose of a system is what it does
Your regular reminder that the most progressive place in the world cannot be a safe haven for the person that can’t afford to live in it.
Again, “housing crisis” is not too strong a term for what Montgomery County is experiencing
Heart Transplant Recipient Walks Daughter Of Deceased Donor Pig Down Aisle bit.ly/3Qg19TV
Pass HB1311. Here’s a quote from a resident: “I have children & have taken on the responsibility of assisting with the raising of my niece and nephew. My household will greatly benefit from the Family Affordability Tax Credit Bill due to the drastic increase in cost of living!”
“The extra money would also mean I could afford childcare, and switch from night-shifts to day-shifts." Pass HB1311 @FaithWinterCO @ColemanforCO @GovofCO @garycommunity
btw, I don't just say that Austin is our only superstar city because it is building a lot of homes. The other Texas cities might be similar in that way. It is our only superstar city because income growth of the Austin metro area is in a league of its own. 1/
Generational opportunity to rent in Austin.
Here's a great visualization: Austin's rent relative to the country (@zillow's measure) is now the lowest it has been in at least a decade.
Have you called your state senator in support of transit oriented development, eliminating parking minimums, and legalizing ADUs? These bills face a tough battle in the Senate and every call helps! Find your senator @ leg.colorado.gov/house-district… and give them a call today!
With some more context: Austin faced a huge surge in demand and rents went vertical. Instead of merely flatlining at a new, higher level when demand moderated, the building boom (which was chasing the high rents) is actually reversing the spike.
it’s wild that coastal cities have spent years debating if YIMBY policies will lower rents, and Austin just… did it they streamlined permitting, upzoned most of the city, and eliminated parking mandates. Tons of housing is going up and rents are plummeting. YIMBY policies work
Pro-growth policies can't prevent a surge in prices or rents when demand takes off. But YIMBYism is the difference between a few years of paying nosebleed prices and a lifetime of it.
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