Month: July 2015
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The Week Observed: July 31, 2015
What City Observatory did this week 1. Our old planning rules of thumb are “all thumbs.” Joe Cortright argues that many of the heuristics that have guided urban planning for decades, such as “wider streets are safer streets,” and “faster traffic flow is always better,” have long outlived their usefulness. We offer five of these outdated…
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The difficulty of applying inequality measurements to cities
Earlier this year, our friends at the Brookings Institution released a new tabulation of Census data on levels of inequality in the nation’s largest cities. Inequality, in this case, is measured by dividing the income of a household at the 95th percentile of the population by the income of a household at the 20th percentile.…
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Our old planning rules of thumb are “all thumbs”
We all know and use rules of thumb. They’re handy for simplifying otherwise difficult problems and quickly making reasonably prudent decisions. We know that we should measure twice and cut once, that a stitch in time saves nine, and that we should allow a little extra following distance when the roads are slick. What purport…
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How cutting back on driving helps the economy
There are two kinds of economics: macroeconomics, which deals in big national and global quantities, like gross domestic product, and microeconomics, which focuses on a smaller scale, like how the prices of specific products change. Macroeconomics gets all the attention in the news cycle, as people talk about the unemployment rate, the money supply, inflation,…
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The Week Observed: July 24, 2015
What City Observatory did this week This week, we ran a three-part series on what we mean by “housing affordability.” 1. In The way we measure housing affordability is broken, Daniel Kay Hertz writes about the problems with the most common way “affordable housing” is interpreted: as housing costs that make up no more than…
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Measuring housing affordability: What about homeowners?
Over the past two posts, we’ve argued that the most common measure of housing affordability – whether someone is paying more than 30% of their income – has a lot of serious problems. For one, housing costs are only one facet of overall location costs: if you move from the city to the suburbs for…
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Residual income: a better way of measuring affordability
This week, we’re running a three-part series on the flawed way that we measure housing affordability. Yesterday, we looked at exactly what’s wrong with one of the most common ways we determine what “affordable” means. Today, we’re looking at an alternative measure, “residual income.” In the final part, we’ll examine the particular challenges of understanding “affordability”…
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The way we measure housing affordability is broken
This week, we’re running a three-part series on the flawed way that we measure housing affordability. This post looks at exactly what’s wrong with one of the most common ways we determine what “affordable” means. Tomorrow, we’ll look at an alternative measure, and on Wednesday, we’ll examine the particular challenges of understanding “affordability” for owner-occupied homes. Given…
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The Week Observed: July 17, 2015
What City Observatory did this week 1. Why aren’t we talking about Marietta, Georgia? Joe Cortright covers a Robert Moses-style case of “slum clearance” in suburban Atlanta. The city of Marietta is demolishing a complex of apartments that, over the last few generations, have transitioned from upper-income and homogeneously white to relatively high-poverty and mostly people…
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The value of walkability across the US
One of the factors that seems to be propelling the resurgence of cities around the nation is the growing demand for housing in walkable locations. One of the best sources of evidence of the value of walkability is home values, and some new evidence confirms that walkability adds to home values, and also shows that…
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What can conservatives do for cities?
Imagine an urban policy agenda defined by simplifying business regulations and promoting entrepreneurship as the key to prosperity. Add to that an attack on overly restrictive zoning laws that hold back housing construction, inflate real estate prices, and keep high-opportunity cities closed to low-income people looking to improve their lives. Round out the party platform…
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Why aren’t we talking about Marietta, Georgia?
Imagine this: A city government takes $65 million in public money and buys up more 1,300 units of aging but affordable housing, which is home mainly to low income and minority residents. It demolishes the housing, and plans to sell the land to private developers for office and retail development. A pretty cut-and-dried case of…
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The Week Observed: July 10, 2015
What City Observatory did this week 1. In More evidence on the changing demographics of American downtowns, Daniel Kay Hertz looks at a recent study from the Cleveland Fed on growing high-income neighborhoods in city cores. While there has been dramatic growth in “upper-third” areas near American downtowns – with New York, Chicago, and Portland…
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The devilish details of getting a VMT fee right
At City Observatory, we’re big believers that many of our transportation problems come from the fact that our prices are wrong – and solving those problems will require us to get prices right. While we desperately need a way to pay for roads that better reflects the value of the space we use, just moving…
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More evidence on the changing demographics of American downtowns
Earlier this year, Daniel Hartley of the Cleveland Fed and Nathan Baum-Snow of Brown University published a novel analysis of what has been called the “Great Inversion”: the shift of higher-income people from the periphery of American metropolitan areas towards the center. (Previously, we covered another excellent visualization of this phenomenon from the University of…
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The Week Observed: July 3, 2015
What City Observatory did this week 1. Three more takeaways from Harvard’s “The State of the Nation’s Housing” report. Daniel Kay Hertz picks out three important but overlooked findings from the massive study released last week: a nationwide shortage of rental housing is pushing up prices for many black and brown homeowners, home prices are too…
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Paving Paradise
Vancouver and Seattle are regularly rated among the most environmentally conscious cities in North America. The Economist Intelligence Unit ranked them among the top five greenest cities in 2012. The State of Washington has enacted a law setting a goal of reducing greenhouse gas emissions by 25 percent from 1990 levels by 2035 (RCW 70.235.20); British Columbia’s…