Daniel Hertz

Housing can’t both be a good investment and be affordable

A fundamental contradiction lies beneath most of our housing policy debates At City Observatory, we’ve frequently made the case that promoting homeownership as an investment strategy is a risky proposition. No financial advisor would recommend going into debt in order to put such a massive part of your savings in any other single financial instrument—and one

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Peaks, valleys, and donuts: Visualizing cities in cross-section

Too often, the descriptions of urban form are reduced to excessively simple binary classifications (city v. suburb), or rely on data grouped by counties, which are maddeningly disparate units. County-level population data is bad at telling us much of anything about cities and housing preferences. Counties just contain too many multitudes – of built environments,

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When it comes to transit use, it’s all about destination density

At City Observatory, we’ve written quite a bit about the phenomenon of city center job growth. We did a whole CityReport about the phenomenon, showing that since the Great Recession, urban cores have been outperforming the rest of their metropolitan areas on employment, reversing earlier trends. And just this week, we covered new job numbers

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For low-income households, median home prices aren’t always what count

Affordable housing is an issue rife with statistics: median rents, median housing costs, percentage of people who are “housing cost burdened,” and so on. Previously, we’ve written about some of the issues with many of these statistics, including the untrustworthiness of most “median rent” reports and which rent statistics are more trustworthy. But another issue—which

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The immaculate conception theory of your neighborhood’s origins

A while back, a columnist in Seattle Magazine, Knute Berger, expressed his discontent with modern housing development. As Berger sees it, today’s homebuilding pales in comparison to the virtues of early 20th century bungalow development: In a rapidly growing city where the haves have more and the have-nots are being squeezed out, the bungalows offer

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How we measure segregation depends on why we care

Segregation is complicated and multi-dimensional, and measuring it isn’t easy In 2014, NYU’s Furman Center hosted a roundtable of essays on “The Problem of Integration.” Northwestern sociologist Mary Pattillo kicked it off: I must begin by stating that I am by no means against integration…. My comments are not to promote racial separatism, nor to argue

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