Michael Lewyn's blog

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New Research on Gentrification

Describing the Federal Reserve Bank of Philadelphia's recent study on gentrification in that city.
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Supply, Demand, and Housing Prices, Part 2

Rebutting arguments against the law of supply and demand.
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Good Congestion and Bad

The phrase "traffic congestion" can be misleading; some reductions in traffic speed are less harmful than others.
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The Economics of Rent Control

A simple explanation of why strict rent control reduces housing supply, and why moderate rent control does so to a much lesser extent.
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What HUD's Been Up To

The new "Affirmatively Furthering Fair Housing" rule may impose additional paperwork burdens on local government, but is unlikely to cause major policy changes.
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Cities, the Middle Class, and Children

Joel Kotkin argues that Jane Jacobs's insights are of limited value because cities are no longer useful for middle-class families.
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The Failure of Preservation

Attempts to limit new construction to preserve neighborhood character are an example of "beggar thy neighbor" politics.
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Not Racist—but Similar to Racism

Low-density zoning is not racist in the narrowest sense of the term—but it does have similar goals to racist housing policies and creates similar problems.
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Airbnb and Affordable Housing, Part 2

This post discusses the argument that even if Airbnb affects an extremely small portion of the rental market, it still matters because of the low vacancy rates of some cities.
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Are Foreigners to Blame for High Housing Prices?

One common argument against allowing new housing in popular cities is that as long as rich foreigners use up the housing supply prices will never go down.

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