Commentary

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, […]

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

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

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”

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

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

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

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

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