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March 13, 2025
Housing Roadblocks: Paving a New Way to Address Affordability
Thank you, Chairman Scott and ranking member Warren. Thank you, committee members. I am grateful and honored to have the opportunity to speak to you today. I am an economist…
February 27, 2025
How Progressive Policy Distorted the Housing Market
…their properties. In making these arguments, Appelbaum aligns himself with such right-of-center thinkers as Edward L. Glaeser, who has written in these pages about how “incumbents” use zoning to protect the value…
December 29, 2024
Why Rent Regulation Remains So Hard to Undo in NYC
…in 1997, the Harvard economists Edward Glaeser and Erzo Luttner described the “misallocation of housing” that rent controls creates. That was their term for a mismatch between what renters might…
November 19, 2024
Low-Rise Multifamily and Housing Supply: A Case Study of Seattle
Abstract We provide an in-depth case study of land use reforms in Seattle to highlight how redevelopment of aging single-family housing to townhomes can lead to a significant increase in…
November 5, 2024
Harvard Professor Edward Glaeser on the U.S. Housing Crisis
Why are U.S. housing prices so high? Edward L. Glaeser, the Fred and Eleanor Glimp Professor of Economics at Harvard University, is an expert in housing and urban economics. His…
October 11, 2024
HUD’s Housing Misfire: When Bureaucrats Know Better than Markets
Kamala Harris’s proposal for a $40 billion fund for local governments to explore “innovative” housing solutions will likely funnel money into projects burdened by self-defeating government-mandated affordability requirements, which HUD…
October 10, 2024
Harris’s Housing Plan and the Five C’s That Will Derail It
…LIHTC unit costs taxpayers an estimated $450,000, compared to $0 for a private development that it displaces, making it an expensive solution for affordable housing. Complexity: As Chris Edwards highlights,…
October 8, 2024
Harris Housing Subsidies: A Recipe for Repeating Past Mistakes
Presidential candidate Kamala Harris has proposed housing policies that recycle ineffective strategies long seen in federal housing programs. Her key proposals include subsidies for the construction of 3 million new…
September 25, 2024
The Costs of Inaction: Economic Risks from Housing Unaffordability
Chairman Whitehouse, Ranking Member Grassley, and committee members, thank you for the opportunity to testify on this most important topic. History offers a cautionary tale against inappropriate federal action in the…
September 25, 2024
The Promise — and Danger — of Kamala Harris’s YIMBYism
…for new, “missing middle” starter homes. It would mean not pushing for “low-income” housing that conjures public housing high-rises but, rather, what Edward Pinto and Tobias Peters, my colleagues at…