affordablehousing
Former President Donald Trump has had one of his periodic changes of heart. In a recently published interview with Bloomberg, he called zoning regulations he'd spent most of 2020 campaigning in favor of "a killer" that's pushing up housing costs. "So 50% of the housing costs today and in certain areas like, you know, a lot of these crazy places is environmental, is bookkeeping, is all of those restrictions," Trump said in an interview conducted in June and published yesterday. "Your permitting process. Your zoning, if—and I went through years of zoning. Zoning is like…it's a killer. But we'll ...
Reason
Happy Tuesday and welcome to another edition of Rent Free. Last week, this newsletter offered a mostly negative assessment of both major presidential candidates' first-term housing records and likely plans for their second. In the past couple of days, things have managed to go from bad to worse on both sides of the aisle. On Monday, former President Donald Trump selected Sen. J.D. Vance (R–Ohio) to be his running mate. Vance is an outspoken protectionist, nationalist, and anti-corporate hawk who's bound to shift any future Trump administration in an anti-trade, anti-immigration, and anti-marke...
Reason
Happy Tuesday and welcome to another edition of Rent Free. This past week's news has been dominated by questions about whether President Joe Biden will remain the Democratic candidate for president or drop out in favor of a younger, healthier alternative. I tend to agree with my colleague Robby Soave that Biden isn't going anywhere. Whether or not he does stick around, I figure now is as good a time as any to take a longer look at the president's housing policy record over his first term, how that stacks up with former President Donald Trump's own time in office, and what we might expect from ...
Reason
In a major opinion affecting how cities can address homelessness, the U.S. Supreme Court ruled today that an Oregon city's enforcement of a public camping ban against the "involuntarily" homeless does not violate the Eighth Amendment's prohibition on "cruel and unusual" punishment. "The Cruel and Unusual Punishments Clause focuses on the question what 'method or kind of punishment' a government may impose after a criminal conviction, not on the question whether a government may criminalize particular behavior in the first place," wrote Justice Neal Gorsuch for the majority in the case of City ...
Reason
Happy Tuesday and welcome to another edition of Rent Free. This week, we look at whether shadowy real estate companies and their rent-recommendation software have really created an unbeatable apartment cartel. Is RealPage Really Responsible for Rent Hikes? Among the many alternative explanations to the idea that American housing prices are artificially high because of regulatory limits on new home construction, one theory in particular is gaining popularity: that rent-recommending software is enabling landlords to jack up rents to above-market levels. By this telling, cities' rental markets ar...
Reason
New York City's Rent Guidelines Board (RGB) voted to cut rents at rent-stabilized apartments yet again, although you might not know that from the press coverage. Earlier this week, the RGB—a city regulator responsible for setting maximum legal rent increases on the city's roughly one million rent-stabilized units—voted to allow rent increases of 2.75 percent for one-year leases and 5.25 percent for two-year leases. Nominally, that is a rent increase. When compared against the year's 3.3 percent inflation, as measured by the Consumer Price Index (CPI), that's a real decrease in rents. According...
Reason
Happy Tuesday and welcome to another edition of Rent Free. This week's stories include: Despite concerted state and local efforts to legalize accessory dwelling units (ADUs), a new study finds that most detached ADUs in San Jose, California, are still being built without permits.A new report details the California Coastal Commission's efforts to block new housing.Sen. J.D. Vance (R–Ohio) has a plan for making housing affordable: deport more people.But first, our lead story about a family-owned hardware store challenging the government's ability to seize their land just to stop development. Can...
Reason
Happy Tuesday and welcome to another edition of Rent Free. This week's stories include: A new bill introduced by Sen. John Fetterman (D–Pa.) and Rep. Lisa Blunt Rochester (D–Del.) aims to help localities reform their zoning codes through consultation with the U.S. Department of Housing and Urban Development.The University of California, Berkeley, at long last, gets the California Supreme Court's blessing to move forward with a contentious redevelopment of People's Park.Austin considers applying an "equity overlay" to its "missing middle" reforms, much to the alarm of some YIMBYs who say the ne...
Reason
Happy Tuesday and welcome to another edition of Rent Free. Since state legislatures are winding down their sessions—thus reducing the churn of state housing policy battles that are this newsletter's bread and butter—I figure I'd change the format of this week's Rent Free up just a little bit. For our lead story, I'm taking advantage of the slower news cycle to write about an unfair Taylor Swift smear and what it might teach us about the dynamics of rising housing demand and constrained housing supply. Following that opening act is a Q&A with this year's YIMBY pop sensation, Colorado Gov. Jared...
Reason
Bryan Caplan is known for his unconventional approach to tackling big issues. With his latest book, Build, Baby, Build: The Science and Ethics of Housing Regulation, he employs a graphic novel format to make the case for a more open approach to housing policy, partnering with illustrator Ady Branzei. It's his second venture into the world of illustrated narratives, following 2019's Open Borders: The Science and Ethics of Immigration. Reason's Christian Britschgi asked Caplan about his motivations and his outlook on the future of the "yes in my backyard" (YIMBY) movement. Q: Why make the case f...
Reason
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