Important new paper on effects of inclusionary zoning.
tl, dr: the *typical* IZ policy in CA:
1⃣causes 31% decrease in housing production;
2⃣shifts production to lower-income areas; &
3⃣produces BMR units at per-unit cost PAID BY RENTERS of ~$775k
1/6
Austin permitted housing at a pace that exceeded the total permitting of some coastal states. The result? Vacancy rose from 3.9% to 9.4% between 2021 and 2024, and rents came down.
After S.F. acquired site of "Monster in the Mission" market-rate housing project & gave it to nonprofit for affordable housing, the leading "progressive" community org continues to fight it.
So much for the old saw about opposing projects only b/c they're not affordable.
If you want to understand how the Supreme Court rules on politics rather than the law look no further than the arena of Federal Indian Law.
Today #SCOTUS changed who has criminal jurisdiction on over 300 reservations not based on precedent or even the facts on the ground…
The key question now is whether congressional Democrats facing purple or red electorates learned the lesson of 2010: You win reelection by delivering real benefits to people fast, not by shrinking and slowing bills that would improve lives in a performance of moderation.
Several sources inside the Senate say Dianne Feinstein, who is 87, struggles to remember briefings just after they take place—and that her cognitive decline has been evident for several years. @JaneMayerNYer reports. https://t.co/CfkA32S11v
$500m is 0.8% of Bloomberg's net worth. So for the typical American household with a net worth of $97k, his Presidential run was like blowing $800 on a vacation that turned out to be not that fun.
Governor Newsom on housing production in his State of the State:
“The status quo is unacceptable. We’re not building enough housing. I respect local control but not at the cost of creating two Californias. Not at the expense of killing the California dream.”
The weird thing about the Buttigieg campaign is it features the youngest candidate in the race running on the most old-fashioned tropes. Deficit hawkery, industrial midwest as the real America, anti-Washington sentiment...
Tonight, Donald Trump will make a speech about the state of the union.
But I have a message for every American: Our union is stronger than Donald Trump. And in less than a year, our union will be stronger than ever when that one man is replaced by one very persistent woman.
I hate to break hearts but how about neither Bernie or Warren are lying. His comment likely had a particular context, and she heard it in a particular way. This is literally how human interaction often works when people end up with misunderstandings.
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