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

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

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

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