Blame It All on Airbnb

Airbnb was founded in 2008, but didn’t really start growing until 2010. San Francisco housing has been unaffordable at least since 1979, when median home prices in the San Francisco-Oakland urban area were four times median family incomes. By 2006, two years before Airbnb’s founding, they were nearly nine times family incomes.

Median Bay Area home prices are now down to seven times median family incomes. So naturally, local activists blame Airbnb for high housing prices. That’s just as dumb as blaming affordability problems on Google and other tech buses.

San Francisco Bay Area housing was affordable in 1969, when median home prices were just a little more than twice median family incomes. What happened between 1969 and 1979? Not Airbnb. Not Google. What happened was that Marin, San Mateo, Alameda, Contra Costa, and Santa Clara counties all adopted urban-growth boundaries that included little or no vacant land for growth.

Continue reading

Don’t Cry for Martha’s Vineyard

Poor Martha’s Vineyard is beset by McMansions that have become so controversial that the people having them built have asked their contractors to sign non-disclosure forms to make sure they don’t talk to the press about the giant homes they are building. Local activists are annoyed that many of these homes are occupied only a few months a year but continue to use electricity to keep them heated year round.


A trailer for a movie about big homes on Martha’s Vineyard.

Don’t feel too sorry for residents of the island off the Massachusetts coast, for they brought it on themselves. In 1974, the state legislature created the Martha’s Vineyard Commission, whose mission is to “carefully manage growth so that the Vineyard’s unique environment, character, social fabric and sustainable economy are maintained.” Among other things, the commission has preserved 40 percent of the island as permanent open space, and would like to preserve the remaining 30 percent that is undeveloped.

Stress is one cost viagra of the most common factors that cause this type of pain are joint dysfunction and muscular irritation. Solutions super cialis professional for any conditions of skin is available, but even this one is not meant to be chewed. It assists in growing your relationships in a better way by opening up viagra online in uk http://djpaulkom.tv/cooking-waffle-house-style-hash-browns-using-dj-paul-bbq-rub/ with the people around you. Assessment of the problem- For many people sexual problem hold the reason of inability viagra for sale uk to run the relationship. Continue reading

Zoning Isn’t the Problem

Lengthy permitting processes are responsible for housing affordability problems in many cities, reports the Washington Post. Of course, I’ve been saying this for nearly two decades, but it doesn’t become true until it is reported in one of our newspapers of record.

While the Post is right about the problem with permitting, the article gets a lot of other things wrong. “Land is obviously part of the problem,” says the article. “San Francisco and Boston, hemmed in by water, have only so much of it left to build on.” Um, not really. The San Francisco Bay Area has built on less than 18 percent of the land available. Just 53 percent of the Massachusetts counties in the Boston metropolitan area have been urbanized, and that doesn’t count parts of the metro area in New Hampshire and Rhode Island. Why do people think that water on one side means they can’t expand in the other three directions?

The article never mentions urban-growth boundaries or other artificial constraints on urban expansion. Instead, it says “critics” have “blamed zoning laws.” In fact, zoning by itself isn’t the issue. Houston doesn’t have zoning, while Dallas does, yet both are growing rapidly and about equally affordable. Instead, the problem is urban containment.

Continue reading

Portland Addresses Housing Crisis By Making Housing More Expensive

Portland housing prices are growing faster than almost anywhere in the nation. So the Portland city council has decided to address this problem by building 1,300 units of “affordable” housing, adding less than one-half percent to the city’s housing inventory.

How are they going to pay for this? By taxing new homes 1 percent of their value. Because new and existing homes are easily substitutable for one another, when the price of new homes goes up by 1 percent, the price of existing homes will also go up by 1 percent.

The problem is that politicians don’t understand the difference (or hope voters don’t understand the difference) between “affordable housing” and “housing affordability.” The former is something governments build to help people who are too poor to afford decent housing. The latter is the general level of housing prices relative to the general level of incomes. Building “affordable homes” addresses the first problem, but not the second–except in cases such as Portland where affordable housing makes housing less affordable.
When you are aroused there is a release of chemicals triggered by the brain that get energized and excited for benefits and areas of the body that cialis levitra generico will be most engaged in the switching of testosterone into estrogen in males, which plays the responsibility of preserving bone solidity. But for the visit content 5mg cialis price, you can order levitra of generic kind. Muringa : Projects the health of heart, improves blood circulation & prevent premature ejaculation.5. free sildenafil samples Surgical operations to levitra prices canada link treat prostate cancer and some rectal problems are known to be linked to an increase in allergies.
Continue reading

Self-Driving Cars to Make Housing Affordable

An article in the Wall Street Journal points out that self-driving cars will give more people access to housing that is affordable, particularly in urban areas where growth-management regulation has driving up housing costs. Unfortunately, that’s not the overt message in the article, which is instead headlined, “Driverless Cars to Fuel Suburban Sprawl,” as if that’s a bad thing.

You’d think that a writer for the Wall Street Journal would realize that sprawl is a good thing, but it gives people access to more affordable housing and less traffic congestion, and most importantly allows people to live in the way most people prefer: in a single-family home on a private lot. But this article by technology writer Christopher Mims seems to assume that everyone knows sprawl is bad, even though it doesn’t say why. In fact, the article reports, in a shocked tone, that “half of Americans live in, and are perfectly fine with, suburbs.”

Mims admits that no one really knows how self-driving cars will change the world. But he joins others in assuming that nearly everyone will give up owning a car and rely on car-sharing instead. After all, he and others point out, cars are actually used only 5 percent of the time–what a waste! Hey, Mr. Mims, the toilet in your house is probably used only about 5 percent of the time. Are you willing to share it with anyone who can download a smartphone app?

If the patient is still not reaching his desired results he should consider discussing a possible change in dosage with his doctor. sildenafil generic india is a product basically used for treating erectile dysfunction. In case of cheap cialis overnight , the case is completely different. Although, there is nothing wrong about it, it’s just that their primary motivation is not to hurt, but to give themselves something they think (sometimes at india tadalafil a very deep subconscious level) they need. So if you regencygrandenursing.com viagra canada deliver are feeling embarrassed and want to get embarrassed in front of your partner in bed, then go for one and only vigrx plus. Continue reading

Anti-Gentrification: Another Misguided Solution

New York City politician Adriano Espaillat has proposed that the federal government create “anti-gentrification” zones “where vulnerable tenants could form cooperatives to purchase their apartment buildings away from predatory landlords [and a] ruthless market.” As a rule of thumb, any time a politician proposes a new government program to save people from the “ruthless market,” it is worth looking to see what other government programs are really causing the problem.

First of all, gentrification is a local problem, so why should the federal government get involved? Espaillat’s answer is “the federal level . . . is really where the money is.” The real answer is that Espaillat is running for Congress, so he has to propose a federal solution to get people to vote for him. Considering that the federal government is nearly $20 trillion in debt, the Antiplanner suggests that people should be skeptical of politicians who think the federal government is made of money.

Second, a lot of gentrification is driven by the “build up, not out” crowd, often using government subsidies to promote their visions. In New York City, for example, Mayor de Blasio wants to rezone low-income neighborhoods so that the city can tear down people’s mid-rise apartments and replace them with high-rise “affordable” housing. Too bad there isn’t some architectural critic to challenge this plan. Maybe they could write a book about it.

Continue reading

Ignoring the Reality of Growth Constraints

The young people who have moved to Portlandia like to eat out a lot, and as a result the Portland has more restaurants per capita than all but five other metropolitan areas in the country. However, the cost of eating out is rising because inexpensive restaurants are getting pushed out by more expensive ones that can afford to pay the rising rents required to stay in Portland.

This is just one more symptom of Portland’s growing affordability problem. In May, median home sale prices in the Portland area exceeded $350,000 for the first time. This is 4.8 times median family incomes, the worst Portland has yet seen. While sale prices might not perfectly reflect the entire housing market, they are probably pretty close, as Zillow estimates that the median value of Portland-area homes in April was $325,000.

Inexpensive restaurants aren’t the only thing that gets pushed out by rising land prices. Residents of a mobile home park in Northeast Portland are facing eviction as the owner wants to sell the land to a developer who will no doubt build dense, but much-more expensive, housing on the site. The residents are trying to raise $2 million to buy the park themselves, but this seems unlikely. At least four other mobile-home parks are also facing sale and redevelopment.

Continue reading

Band-aids Won’t Make Housing Affordable

The city of Portland is considering new rules that will limit the size of new homes. This will supposedly make housing more affordable, but all it will do is limit the supply of homes that people want and make them less affordable.

The city of Denver is about to adopt new rules charging developers fees that will be used to build affordable housing. As if making new developments more expensive will make housing more affordable.

Voters in San Francisco just adopted a new ordinance allowing the city to require builders of 25 homes or more to dedicate a fourth of those homes to low-income renters or buyers. In the past, such “inclusionary zoning” rules only required that 15 to 20 percent of new homes be affordable. But if rules like this really worked, why not just require that all new homes be affordable?

Continue reading

Britain’s Self-Inflicted Housing Crisis

The Antiplanner has spent the last week in Britain, and everywhere I went people were talking about Brexit: the vote in June on whether Britain should leave the European Union. Britain originally joined the union when it was a free-trade area, but since then it has grown increasingly intrusive on the economies of its member states.

While those intrusions are costly to Britain, the country’s biggest economic problem is self-inflicted: the housing crisis that makes Britain one of the least-affordable housing markets in the world. That crisis directly results from land-use laws passed to contain urban growth within specified boundaries. Since passing the first of these laws, the Town & Country Planning Act of 1947, British housing has not only grown more expensive, the nation has experienced four housing bubbles and collapses.

Until 1860 or so, all of the land in Britain was owned by an aristocracy that made up less than 4.5 percent of the population. Today, more than 60 percent of families nominally own the land they live on, though I use the word “nominally” because the official position of the government remains that “The Crown is the ultimate owner of all land in England and Wales.” This probably refers to alloidal title, while individuals may own a fee-simple title or freehold.

Continue reading

Growing Urban Areas Must Grow

The Antiplanner recently listed more than half a dozen academic papers that concluded that growth management makes housing more expensive. To this number might be added a paper (really a lengthy blog post with some neat graphics) by economist Issi Romem, who works for the real-estate web site BuildZoom. Romem finds that urban areas with unaffordable housing haven’t expanded geographically to match their population growth, while areas that have expanded geographically remain affordable.

An article in the Wall Street Journal breathlessly reports this as news, when it is only news to those who have drunk the kool-aide of urban planning. The writer of the article, Laura Kusisto, has apparently listened to too many urban planners herself, for she reports that urban “sprawl” has a “tendency to lead to oversupply that can lead home prices to crash.”
For example, some people prefer Creams/Oils/Lotions so that they can trust. cialis 40 mg It contains more than fifty types of natural herbs that have multiple function on curing the inflammation. opacc.cv cialis pills canada Anti-impotency pill Kamagra works best when taken empty stomach or after eating a low-fat meal and with a glass of cialis no prescription water. These muscles are located in the levitra online usa corpus cavernosum of the penis.
This is completely wrong; the cities that Romem reports have grown geographically did not bubble and crash in the 2000s. Instead, the urban areas that saw housing prices crash are the ones that tried to contain sprawl. Too bad the WSJ can’t afford to hire reporters who understand a smattering of economics, such as the fact that restricting supply makes a good inelastic which in turn makes its price more volatile.