Governments regulate housing markets, and some places have much worse outcomes than others. I really don't understand how some people, often those living in places with the worst outcomes, have so much faith that increased govt control of housing will lead to something better.
Personally, I think the government should play a bigger role in the housing market. I believe in the power of govt to do good things. But if your govt can't even regulate the market for somewhat better outcomes, why assume it can take far more responsibility and be successful?
If you believe government should do more to intervene in the housing market, awesome, me too. If you think we shouldn't bother trying to improve outcomes that the market can deliver on, and has in other places and other times, or that it's somehow counterproductive... nah.
Maybe I'm just a dumb shill, but it seems to me that using government to improve market outcomes would also build the trust needed to take more aggressive interventions.

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More from @ShaneDPhillips

20 Aug
Despite being extremely tame by European standards, this design feels very "busy" for the US. And that's good! It's underappreciated how much a sort of messy / overwhelming street design can improve safety. People generally drive more safely in uncertain conditions.
Note: I'm not a traffic engineer and I'm sure there are cases where this doesn't hold true, where "busy" or "messy" designs make things more dangerous. But roundabouts are a good example: lots of people find them unpleasant or uncomfortable, but they're quite safe as a result.
I guess what I'm saying is, more lines on pavement please.
Read 4 tweets
20 Aug
wtf
i like this tho
this is also a pretty good example, IMO, of giving the impression of separate buildings without actually separating them
Read 4 tweets
18 Aug
The latest UCLA Housing Voice Podcast episode is out—give it a listen & subscribe! This time we interview @planning_mkim about different approaches to value capture, a really important topic with a lot of nuance to explore. This was a fun one. lewis.ucla.edu/2021/08/18/08-…
The paper we focus on is titled "Negotiation or Schedule-Based? Examining the Strengths and Weaknesses of the Public Benefit Exaction Strategies of Boston and Seattle," which can be found here: tandfonline.com/doi/full/10.10…
A while back, I summarized some interesting charts and passages from the paper in the thread linked below. We also always provide key takeaways and passages from the papers we discuss on our website, linked in the first tweet.
Read 16 tweets
29 Jan
Yet another case of a property owner filing a development application and having someone maliciously file a historic preservation application on their behalf, against their will. This time, a former Chili Bowl of such great historic value that it's currently a sushi restaurant.
The opening to this letter is pretty 🔥🔥 though. clkrep.lacity.org/onlinedocs/202…
This case is being heard at PLUM Committee on February 4th: ens.lacity.org/clk/committeea…
Read 8 tweets
28 Jan
I have a new paper at the @UCLALewisCenter! This one's pretty wonky, but I hope it helps illuminate how the timing of fees and other development costs really matters — a dollar paid today is very different from a dollar paid 3 or 5 years from now. lewis.ucla.edu/research/reduc…
The gist of the paper is this: Many development fees are paid early, at building permit issuance, with equity or debt. By the time devs recoup that expense they might be paying back 150% of that amount to their investors or lenders. This makes it more expensive to build housing.
I should note that, in general, this applies to for-profit as well as non-profit developers.
Read 8 tweets
17 Sep 19
Americans are set to buy 170+ million new cars between now and 2030. At an average cost of around $38K, that's about $6.5 trillion—before accounting for gas (or electricity), insurance, repairs, etc. Imagine what people could do with that money if we made driving optional. 1/
Right now most people feel they have no realistic alternative but to buy a car, and our politicians are doing virtually nothing to change that. Their inaction is going to cost us trillions of dollars, hundreds of thousands of lives, and, ultimately, our planet's ecosystem. 2/
It's so frustrating to see how much we spend on transportation investments we all hate—cars and more traffic—and no urgency to change it. Even the money we spend on it in LA is laughably small compared to what its residents spend on cars—because they feel it's necessary. 3/
Read 14 tweets

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