Jim Russell and Daniel Kay Hertz are engaged in an ongoing debate about how supply and demand in markets of so-called "superstar metros" influences processes of gentrification.
Jim Russell writes the most recent installment in the debate, clarifying points he originally made about recent academic research "that adds to the literature about the real estate market problems caused by limited (by whatever means) supply." The original report is called Superstar Cities, authored by Joseph Gyourko, Christopher Mayer, and Todd Sinai.
Russell's clarifying point: "What defines the geographic variance in [the research] case is the quality of demand, not the restriction of supply. Lots of places have some sort of constraint on housing. Few of those places qualify as 'superstar'….Within a metro, quality of supply matters, too."
Russell's most recent post responded to a post by Daniel Kay Hertz saying that Russell originally turned the conclusion of the study on its head. From Hertz's analysis of the white paper: "The housing crisis that’s led to wildly growing income segregation everywhere from Chicago to Kansas City is, actually, about 'demand outstripping supply.' And this paper is just the last in a long line of research supporting that conclusion."
FULL STORY: Turning Real Estate Market Fundamentals on Their Head

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?

Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.

Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.

LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Central Transportation Planning Staff/Boston Region MPO
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions