housing
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The Unintended Consequences of Vacancy Taxes
Taxing vacant properties may be politically appealing, but they have little effect on rents while creating new economic distortions.
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Why Much of Manhattan Would Be Illegal to Build Today
Zoning laws drive up housing costs and freeze cities in the past. New York City is a clear example.
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Borrowed Time: The ‘Extend and Pretend’ Economy Must End
Trillions in hidden distress and deferred losses are emerging as borrowers run out of time and options. America’s debt reckoning has begun.
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Headline Inflation Cooled in April, but Core Pressures Picked Up
April inflation data suggest price pressures are becoming broader and more persistent, reinforcing the Federal Reserve’s cautious stance on interest rates.
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Is Housing Less Affordable Than Ever? Sort Of
Home prices and financing costs are still high, but several indicators suggest the market has moved past peak distortion.
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Claims of Housing ‘Oversupply’ Are Misleading
A few cooling markets have sparked claims that housing reform is no longer necessary. Post-COVID adjustments shouldn’t distract us from the long-term problem.
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Property Taxes Invert the Moral Order of Ownership
True reform means cutting them now and eliminating them over time.
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The Housing Crisis Is a Supply Problem
Rising prices make us look for someone to blame, but the broken market has a simple cause: it’s illegal to build enough homes.
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Worries Spread in Private Credit Markets
Risk migrated outside traditional banks, but insolvencies and widening credit spreads are raising questions about leverage and liquidity strain system-wide.
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The Elevator Problem: How Rent-Seeking and Regulation Make Modern Life Unaffordable
If we want affordable, accessible, mid-rise construction, we need more elevators. Why are we building so few of them?
-
•
The Unintended Consequences of Vacancy Taxes
Taxing vacant properties may be politically appealing, but they have little effect on rents while creating new economic distortions.
-
•
Why Much of Manhattan Would Be Illegal to Build Today
Zoning laws drive up housing costs and freeze cities in the past. New York City is a clear example.
-
•
Borrowed Time: The ‘Extend and Pretend’ Economy Must End
Trillions in hidden distress and deferred losses are emerging as borrowers run out of time and options. America’s debt reckoning has begun.
-
•
Headline Inflation Cooled in April, but Core Pressures Picked Up
April inflation data suggest price pressures are becoming broader and more persistent, reinforcing the Federal Reserve’s cautious stance on interest rates.
-
•
Is Housing Less Affordable Than Ever? Sort Of
Home prices and financing costs are still high, but several indicators suggest the market has moved past peak distortion.
-
•
Claims of Housing ‘Oversupply’ Are Misleading
A few cooling markets have sparked claims that housing reform is no longer necessary. Post-COVID adjustments shouldn’t distract us from the long-term problem.
-
•
Property Taxes Invert the Moral Order of Ownership
True reform means cutting them now and eliminating them over time.
-
•
The Housing Crisis Is a Supply Problem
Rising prices make us look for someone to blame, but the broken market has a simple cause: it’s illegal to build enough homes.
-
•
Worries Spread in Private Credit Markets
Risk migrated outside traditional banks, but insolvencies and widening credit spreads are raising questions about leverage and liquidity strain system-wide.
-
•
The Elevator Problem: How Rent-Seeking and Regulation Make Modern Life Unaffordable
If we want affordable, accessible, mid-rise construction, we need more elevators. Why are we building so few of them?