tag:blogger.com,1999:blog-1110014885778996459.post5617517189998181504..comments2024-03-28T04:16:11.729-07:00Comments on Idiosyncratic Whisk: Housing Tax Policy, A Series: Part 36 - We are the 100%, Housing EditionKevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1110014885778996459.post-34592649074135519472015-09-07T20:15:43.888-07:002015-09-07T20:15:43.888-07:00Yes. Very interesting. That's what is so fru...Yes. Very interesting. That's what is so frustrating about the problem in the core cities. Romer says, "People who say that you can meet the demand through densification and who then resist increases in the allowed floor-area ratio are being dishonest about what their real intensions are." This may be the case in some of the suburb areas, but in the core cities, it just seems like we are dealing with a bunch of know-nothings that aren't even being dishonest. They are just dumb and angry.<br /><br />That's what I've been saying to Benjamin Cole. I agree with him that there are problems with housing outside the core cities, but like Romer says, these cities engaged in such forward thinking. They are major global commercial and cultural centers because of that forethought, and now when it comes time to realize that value, they won't just build the building that they are designed to contain. Good planning works along with free exchange, so, in the end, even the best planning can't overcome anti-market bias.<br /><br />I do wonder how much the rise of self-driving cars will change the shape of new cities, though.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-77616425218401148362015-09-04T07:43:07.584-07:002015-09-04T07:43:07.584-07:00TravisV here.
Alex Tabarrok and Paul Romer had so...TravisV here.<br /><br />Alex Tabarrok and Paul Romer had some comments related to this topic:<br /><br />http://marginalrevolution.com/marginalrevolution/2015/08/romer-on-urban-growth.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-48814355194332490242015-06-07T22:48:31.121-07:002015-06-07T22:48:31.121-07:00Yes. Glasner has some great, challenging posts. ...Yes. Glasner has some great, challenging posts. Folks like him make me wish I had a better grasp of some formal economics and Tyler Cowen's ability to read. There is too much good stuff out there to follow..Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-72432871963186059512015-06-07T05:14:53.481-07:002015-06-07T05:14:53.481-07:00TravisV here.
It's indisputable that Glasner ...TravisV here.<br /><br />It's indisputable that Glasner has a brilliant mind. So his comments are forcing me to reconsider my priors about city planning (free market-leaning), Eisenhower's highway bill (always seemed a huge net positive to me) and Walmart. I haven't totally accepted his arguments about those topics yet and it sounds like you haven't either. But I'm pondering them.<br /><br />As an aside, brilliant minds can have such a variety of sympathies. It seems to me that the hearts of Bryan Caplan and Patrick Sullivan are in one place (hostile to the left) while the hearts of Glasner, Noah Smith, Yglesias and Ryan Avent are in another (very sympathetic to the left). Sumner might be exactly in-between. I think Deirdre McCloskey is also in-between, somewhat to the right of Sumner.<br /><br />Krugman, Brad DeLong and Jonathan Chait are also smart. But I think they're more biased and far less objective than Glasner, Noah Smith, Yglesias and Ryan Avent.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-12583715337128729322015-06-01T17:58:50.292-07:002015-06-01T17:58:50.292-07:00In general, taxes do not drive investments. My fa...In general, taxes do not drive investments. My family owns several million dollars worth of Washington DC real estate and taxes are not a factor in our decision to invest. Various jurisdictions in the DC area have differing tax policies that are up to 50% more tax than others, and it's not considered by us. The only thing that matters is price and quality, which is a function of location. We have bought real estate at a prime location at the top of the market, 2006, and made money off it, while buying property in 2009, in a lesser location, and just breaking even. But economists love to talk about the 'marginal' effects, which Jevons would love but in the real world are 'marginal' in the dictionary definition of the word. Same for "minimum wage" arguments btw.Ray Lopezhttps://www.blogger.com/profile/11134761834999705305noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-7610399697883620542015-06-01T17:20:45.955-07:002015-06-01T17:20:45.955-07:00Thanks.Thanks.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-48043199891582272802015-06-01T03:22:12.494-07:002015-06-01T03:22:12.494-07:00Genius.Genius.Anonymoushttps://www.blogger.com/profile/06234426239124672535noreply@blogger.com