Commentary

Flood tide–not ebb tide–for young adults in cities

The number of young adults is increasing, not declining, and a larger share of them are living in cities. Yesterday’s New York Times Upshot features a story from Conor Dougherty–”Peak Millennial? Cities Can’t Assume a Continued Boost from the Young.” It questions whether the revival in city living is going to ebb as millennials age, […]

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How urban geometry creates neighborhood identity

Does geometry bias our view of how neighborhoods work? Imagine a neighborhood that looks like this: On any given block, there might be a handful of small apartment buildings—three-flats—which are usually clustered near intersections and on major streets. Everything else is modest single-family homes, built on lots the same size as the three-flats. What kind

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Louisville’s experiment in transportation economics

As we pointed out yesterday, there’s some initial visual evidence–from peak hour traffic cameras–suggesting that Louisville’s decision to toll its downtown freeway bridges but leave a parallel four-lane bridge un-tolled has produced a significant diversion of traffic away from the freeway. Perhaps without knowing it, Louisville has embarked on an interesting and useful economic experiment. One

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Has Louisville figured out how to eliminate traffic congestion?

Louisville is in the transportation world spotlight just now.  It has formally opened two big new freeway bridges across the Ohio River, and also rebuilt its famous (or infamous) “spaghetti junction” interchange in downtown Louisville. A story at Vox excoriated the decision to rebuild the interchange rather than tear out the riverfront freeway as a

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Who pays the price of inclusionary zoning?

Requiring inclusionary housing seems free, but could mean less money for schools and local services Last month, the Portland City Council voted 5-0 to adopt a sweeping new inclusionary housing requirement for new apartment buildings. The unanimous decision came with the usual round of self-congratulatory comments about how they were doing something to address the

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Housing supply is catching up to demand

As Noah Smith observed, economists invariably encounter monumental resistance to the proposition that increasing housing supply will do anything meaningful to address the problem of rising rents–especially because new units are so costly. One of the frustrations that we (and increasingly cost-burdened) renters share is the “temporal mismatch” between supply and demand.  Demand can change

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