Category Commentary

It’s a good time for buyers to beware

It’s the hardiest perennial in the real estate business: “Now,” your realtor will tell you, “is a great time to buy a home.” Back in 2006, just as the housing market was faltering, that’s exactly what the National Association of…

The Week Observed: November 20, 2015

What City Observatory did this week 1. The high price of cheap gas. While many economists emphasize the positive effects of low gas prices—more disposable income in consumers’ pockets, which can act as a stimulus—it’s also important to acknowledge the…

The origins of the housing crisis

Yesterday, we published a “zoning parable,” based on William Fischel’s arguments for why and how zoning regulations developed in American cities over the 20th century. Today, we’ll expand a bit on one of the book’s major arguments in non-parable form.…