Category: Economics

Chart of the Day: Median Asking Price vs. Growth in Housing Units

Via an Oregon media outlet, here’s an interesting chart of different US metro areas showing the correlation between “median asking price” and “% growth in housing units.” It comes from an op-ed by an Oregon economist named Timothy Duy. Here you go:   In typical supply-and-demand fashion, Duy argues that places that build more housing have […]

The Rent is Too Damn High in Mankato

Maybe you saw it, maybe you didn’t. The Harvard Joint Center for Housing Studies published an interactive map listing (essentially) the worst place for renting in each state, that is to say, the highest cost place to rent in each state. Guess who scored a big ‘ol fat numero uno for Minnesota. You got it. […]

What if We Upzoned All of Minneapolis Tomorrow?

You are traveling through another dimension, a dimension not only of sight and sound but of mind. A journey into a wondrous land of imagination. Next stop, the Thought Experiment Zone! A few months back I made the case that Minneapolis’ zoning code keeps us from building the type small-scale infill most people say they want (I’m […]

The Soccer Stadium Should Pay Taxes

A belated congratulations to our local soccer team for gaining admission into Major League Soccer. The Minnesota United FC are one of twelve professional sports teams based in the Twin Cities: Minnesota Twins Minnesota Vikings Minnesota Timberwolves Minnesota Wild St. Paul Saints Minnesota Lynx Minnesota Vixen Minnesota Swarm* Minnesota Machine Minnesota United FC** Minnesota Lady […]

It’s Time For Hopkins to Be Selfish

Hopkins has been the model of cooperation for the past few years. The city collaborated with Hennepin County on a Shady Oak Road expansion despite harms to longstanding businesses. It accepted the Southwest LRT’s operations and maintenance facility even though the city suffered the biggest hit to tax base of any community along the line. […]

What We Talk About When We Talk About Homelessness

[This is the first in a series of posts about “homelessness”.] I start quite deliberately with the scare quotes above because it is one of my primary objectives here to articulate my discomfort with the way the term “homelessness” is conventionally used. I will argue that it is a crude and inadequately descriptive piece of shorthand that […]

map of rent burden

Reduce Affordable Housing Need in Three Steps

This is part 3 of a series on the interaction between the rental housing market and rents. Read part 1, “How I Set Apartment Rents,” and part 2, “Housing Markets? Humbug!“ I’ve dedicated the last 15 years of my life working on affordable housing policy. Mostly, I’ve worked where some sort of subsidy helps make it (more) affordable. In […]

Brother, Can You Spare a Dime (Per Mile)?

$21 billion is a meaningless number. That’s how much more the 2012 Transportation Finance Advisory Committee estimated Minnesota needs just to maintain all modes in the current system. The total is certainly big, but all government figures are. There are so many billions tossed around in the realm of public finance that voters’ eyes glaze […]