affordablehousing
Happy Tuesday and welcome to another edition of Rent Free. This week, we look at whether shadowy real estate companies and their rent-recommendation software have really created an unbeatable apartment cartel. Is RealPage Really Responsible for Rent Hikes? Among the many alternative explanations to the idea that American housing prices are artificially high because of regulatory limits on new home construction, one theory in particular is gaining popularity: that rent-recommending software is enabling landlords to jack up rents to above-market levels. By this telling, cities' rental markets ar...
Reason
New York City's Rent Guidelines Board (RGB) voted to cut rents at rent-stabilized apartments yet again, although you might not know that from the press coverage. Earlier this week, the RGB—a city regulator responsible for setting maximum legal rent increases on the city's roughly one million rent-stabilized units—voted to allow rent increases of 2.75 percent for one-year leases and 5.25 percent for two-year leases. Nominally, that is a rent increase. When compared against the year's 3.3 percent inflation, as measured by the Consumer Price Index (CPI), that's a real decrease in rents. According...
Reason
Happy Tuesday and welcome to another edition of Rent Free. This week's stories include: Despite concerted state and local efforts to legalize accessory dwelling units (ADUs), a new study finds that most detached ADUs in San Jose, California, are still being built without permits.A new report details the California Coastal Commission's efforts to block new housing.Sen. J.D. Vance (R–Ohio) has a plan for making housing affordable: deport more people.But first, our lead story about a family-owned hardware store challenging the government's ability to seize their land just to stop development. Can...
Reason
Happy Tuesday and welcome to another edition of Rent Free. This week's stories include: A new bill introduced by Sen. John Fetterman (D–Pa.) and Rep. Lisa Blunt Rochester (D–Del.) aims to help localities reform their zoning codes through consultation with the U.S. Department of Housing and Urban Development.The University of California, Berkeley, at long last, gets the California Supreme Court's blessing to move forward with a contentious redevelopment of People's Park.Austin considers applying an "equity overlay" to its "missing middle" reforms, much to the alarm of some YIMBYs who say the ne...
Reason
Happy Tuesday and welcome to another edition of Rent Free. Since state legislatures are winding down their sessions—thus reducing the churn of state housing policy battles that are this newsletter's bread and butter—I figure I'd change the format of this week's Rent Free up just a little bit. For our lead story, I'm taking advantage of the slower news cycle to write about an unfair Taylor Swift smear and what it might teach us about the dynamics of rising housing demand and constrained housing supply. Following that opening act is a Q&A with this year's YIMBY pop sensation, Colorado Gov. Jared...
Reason
Bryan Caplan is known for his unconventional approach to tackling big issues. With his latest book, Build, Baby, Build: The Science and Ethics of Housing Regulation, he employs a graphic novel format to make the case for a more open approach to housing policy, partnering with illustrator Ady Branzei. It's his second venture into the world of illustrated narratives, following 2019's Open Borders: The Science and Ethics of Immigration. Reason's Christian Britschgi asked Caplan about his motivations and his outlook on the future of the "yes in my backyard" (YIMBY) movement. Q: Why make the case f...
Reason
Happy Tuesday and welcome to another edition of Rent Free. This week's stories include: A new meta-analysis of rent control studies finds that caps on rents lower rents…along with housing supply and housing quality.A California program to build tiny homes for the homeless produces even tinier results.Cleveland, Ohio, is the latest city to consider a crackdown on short-term rentals.But first, our lead story about the researchers in the United Kingdom who make the audacious argument that the country doesn't need to build more housing, it just needs to redistribute its glut of spare bedrooms. How...
Reason
If you’re ready to move out and find your own place, or perhaps looking to relocate, you might have come to the harsh realization that rent prices, almost everywhere, have significantly increased over the last few years. Q4 2022 hedge fund letters, conferences and more Single-family dwellings have seen even higher increases, with monthly rent now averaging at $2,495 a month, a 13.4% increase according to a report published by HouseCanary, a national real estate brokerage company. Moving to a new place, or even finding something more affordable now seems impossible, to say the least. Growing de...
ValueWalk
Ohio is witnessing a shortage of affordable housing, putting pressure on low-income people and middle-class home renters and buyers. To address this, lawmakers in the state are considering an affordable housing tax credit in Ohio to develop more affordable housing. Affordable Housing Tax Credit In Ohio – What’s The Need?It is estimated that the state is witnessing a shortage of about a quarter of a million affordable housing units. The lack of affordable housing is straining the budget of low-income and middle-class home renters and buyers. Q4 2022 hedge fund letters, conferences and more A 20...
ValueWalk
The call for submissions has been extended to September 12. Innovators across Asia-Pacific, including Thailand, are encouraged to submit their solutions and get a chance to interact with multisector stakeholders. Winners will each receive a trophy and cash prize. BANGKOK, Sept 3, 2021 - (ACN Newswire) - The Asia-Pacific Housing Forum's Innovation Awards recognize and celebrate innovators and disruptors in the affordable housing sector. Startup and scaleup companies, policymakers and advocates, architects and engineers are invited to submit sustainable and practical solutions for affordable hou...
ACN Newswire
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