Daniel Hertz

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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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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Three more takeaways from Harvard’s “State of the Nation’s Housing” report

“The State of the Nation’s Housing 2015,” the report published last week by Harvard’s Joint Center for Housing Studies, has already garnered a lot of attention. We wrote about how it points to a new “gerontrification” of homeownership, with all the growth in non-renter households predicted to come from the 65+ age range; Emily Badger focused

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Portland, the Mission, and the housing affordability debate

It would be tempting to call the eight hours of testimony over a proposed moratorium on housing construction in San Francisco’s Mission neighborhood, and the SF Board of Supervisor’s subsequent failure to approve that moratorium earlier this month, a climactic moment in the battle of two very different perspectives about affordable housing. Tempting, but almost certainly

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