Another interesting article by Daniel Kay Hertz:
http://danielkayhertz.com/2015/01/13/in-which-i-disagree-and-then-agree-about-housing-policy/
http://danielkayhertz.com/2015/01/13/in-which-i-disagree-and-then-agree-about-housing-policy/
The mayor pledged to make good on a component of his housing plan. Boston will make 250 parcels of city-owned land available with potential subsidies to developers who build homes for low- and middle-income families.
http://www.bostonglobe.com/metro/20...ion-housing/CdKL0RomjOlS5QObnSbQlO/story.html
Wonder how this will work, and what parcels he's considering. Also wonder if it would be possible to upzone parcels for more affordable housing.
Well, it's a given that as with everything else around here, upzoning is going to depend quite heavily on where and who has an interest.
This. Unless you're planning to wage a personal political war against the mayor I just don't see much opposition. I mean, yea, neighbors can bitch all they want... but what power do they actually have if the mayor wants something?
She writes:rinserepeat;222953[url said:http://www.northeastern.edu/dukakiscenter/the-boston-globe-research-misread-in-debate-over-car-free-housing-101613/[/url]
unbundling of parking with housing would be huge.
Emphasis mine.Boston will never be a car-free city, but it could easily be one where more than half of households manage without owning a car and two-worker households manage with just one. The city’s greatest challenge is not traffic but lack of affordable housing. Giving occupants the ability to opt out of paying for parking if they don’t own a car would preserve transportation choices for those who want or need a car while lowering housing costs.
This is one of those things that should unite Libertarians and Environmentalist/Transit types...unbundling of parking from housing so that consumers can chose to bid separately on both.
^Totally. New paper presented at TRB in DC confirms: Just Because You Can't Find a Place to Park Doesn't Mean There Aren't Way Too Many Parking Spots
It is painful to think that people are paying too much for anything in order to subsidize acres of underused parking, but that it's coming from people's housing budget (rather than their discretionary spending) is particularly sad.
You'd probably have to read the whole list in the paper. CityLab is just showing the worst (and you're right, the more depressed, the more likely the oversupply), but the study covered 27 locations, so I'd expect that the "better" examples are tighter (but still oversupplied by at least 6% even after you include a 15% buffer above demand)Talk about selective use of data to drive home a point (no pun intended). Orange MA is #2? Really?
You'd probably have to read the whole list in the paper. CityLab is just showing the worst (and you're right, the more depressed, the more likely the oversupply), but the study covered 27 locations, so I'd expect that the "better" examples are tighter (but still oversupplied by at least 6% even after you include a 15% buffer above demand)
Apartment renovations show how to combat gentrification in Cass Corridor
Two historic, abandoned apartment buildings at the corner of Cass and Martin Luther King could easily be converted into swanky digs and attract dozens of young professionals and others willing to pay more than $1,200 a month in rent.
The unique buildings are conveniently located between blossoming Midtown, where occupancy rates are 96%, and the soon-to-be-built Red Wings arena and entertainment district.
But instead of becoming the next trendy spot for new Detroiters, the apartments will be rented to low-income workers because of deliberate, persistent efforts to curtail the negative impact of gentrification on an area that has become a safety net for people struggling with poverty, drug addiction and mental illness.
Leading that effort is the Cass Corridor Neighborhood Development Corporation, which is spending $16.7 million to renovate the three-story, 109-year-old Davenport and the six-story Cass Plaza, which was built in 1924. The apartments will be reserved for low-income people.
...
http://motorcitymuckraker.com/2015/...ow-to-combat-gentrification-in-cass-corridor/
It's more complicated than that in Chicago. See, for example, http://danielkayhertz.com/2015/03/1...e-north-side-is-a-problem-for-the-whole-city/
I love the article and agree with everything it has to say...but....it is making the opposite point that I was trying to make, while not refuting my point (funny how that happens). The article was showing why some Chicago neighborhoods are more expensive than they should be. I was showing why Chicago, on the whole, is so much cheaper than Boston.
Anyways, the problems shown in the article in Chicago (isolated to only a few neighborhoods in that city), are endemic to Boston. The power of local organizations to artificially restrict supply and prevent it from meeting demand causes a shortage of housing units and thus an artificial increase in the market rate for housing. An artificial increase that can not be solved by legislature.
Chicago's lower prices than Boston: The fact remains that insanely cheap housing exists in many Chicago neighborhoods, because people have fled and want to flee these areas. The decrease in demand, coupled with a stagnation in housing units, causes price to increase. Simple supply-demand curve.
Yes, Chicago has expensive neighborhoods. These are areas that mirror what is happening in Boston right now.
You and your peers simply aren't a profitable enough demographic for prime land downtown. If you want to live in the city, then get a better job. That's all there is to it.
I hear what you're saying but I'm not sure it's too relevant. When people compare Boston to Chicago they're not talking about Englewood or Austin. For better or worse, I don't think that the low prices in those neighborhoods affect prices in South Loop or Wicker Park too much.