There is a great new paper out by Ed Glaeser & Joseph Gyourko: The housing supply problem isn't just expensive coastal cities anymore, the "suburban frontier" is also closing.
Tl;dr "Insiders increasingly use regulations to protect their
own rents and keep outsiders out."🧵
The commentariat wants us to believe redistribution and abundance are different because they want us divided.
In the real world, they're the same thing: here's what happens when we try to redistribute in a low-supply market: families have to return their housing vouchers, unused.
In 2021/22, Austin had the highest rent inflation in the country.
Today the Texas capital is building more units as a share of inventory than any city in the country.
Suddenly, rent is falling by 7%.
I wrote about the lessons of the Austin miracle.
https://t.co/fA2NoN8hts
"I'd always hear Jersey's the armpit of America, but for me, the one thing I want to do when I get older is have a beach house on the Jersey Shore."
Brenden Aaronson. Elite global footballer. Official @NJGov Ambassador to the World. ❤️
A decade-long effort to transform industrial relics in Buffalo is showing signs of progress — and expanding the city’s population for the first time in 70 years. https://t.co/NLRxKYmoDF
From 2005-2009, Nadal and Federer won 17 of 18 mens championships.
From 2018-2022, Nadal and Djokovic will have won 14 out of 16 mens championships.
17 year gap!