What City Observatory did this week 1. Myth-busting: Building new market rate housing doesn’t drive up nearby rents. A favorite assertion of some housing supply-side skeptics is the theory that building new market rate housing in a neighborhood drives up…
What City Observatory did this week 1. The economics of fruit, time, and place. Last week, Paul Krugman, fresh off his European vacation, waxed poetic about the fleeting joy of summer fruit, and true to form, may an economic argument…
New data from TomTom shows Portland number one nationally in reducing traffic congestion: Where’s the celebration? Portland chalked up the biggest reduction in traffic congestion of any city in the US over the past year. But neither the media nor…
Subsidizing electric vehicle purchases is an expensive way to reduce carbon emissions, and mostly subsidizes rich households who would have bought electric vehicles anyhow There’s a new study from the National Bureau of Economic Research that looks at the effectiveness…
New research shows new apartments drive down rents in their immediate neighborhood, disproving the myth of “induced demand” for housing If you’re a housing supply skeptic, there’s one pet theory that you’ve been able to hang your hat on, in…