Tag Archives: renters

Chart of the Day: Mortgage Interest Tax Subsidy Recipients

This chart is but a mere Tweet from a DC policy pro named Diane Yentel, about where the Mortgage Interest Tax Deduction (a huge federal subsidy intended to boost home ownership) ends up. Here ’tis: She writes: About a quarter of federal housing subsidies assist low income renters. The rest go mostly to wealthy homeowners. There’s […]

Sunday Summary – August 16, 2015

It’s been a hot week in Minnesota and I am grateful for street trees and their shade. While keeping cool, streets.mn writers also kept busy and here’s the week: At Metropolitan State University Parking Defeats Education showcases a letter to streets.mn about a 2013 post by David Levinson which called out Metro State’s proposed (now enacted) […]

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. […]

Low-car and no-car renters in Minneapolis

Let Us Build Less Parking, Please

Every large American city has parking requirements. New York has parking minimums. Portland has parking minimums. Even Houston, which stands alone in the United States by forgoing zoning laws altogether, has parking minimums. Houstonians can build a multifamily apartment building wherever they like, but they need 1.25 spaces for every studio unit, which is higher than Minneapolis’s […]

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 […]

chart of mpls vacancy rates

Housing Markets? Humbug!

This is part 2 of a series on the interaction between the rental housing market and rents. Read part 1, “How I Set Apartment Rents.”  Housing markets are complex, and here I attempt to explain how there can be a broad market trend and submarkets bucking that trend. I’m also going to imagine what might happen on a […]

My house, with a nearly-finished porch.

How I Set Apartment Rents

In Minneapolis, there is an active discussion about rising rents, whether supply and demand affect rents, and what to do about providing enough affordable and work-force housing. Related issues — markets, incomes, land use controls, local politics and processes, public subsidy and how it’s used — are all complex. No blog post, tweet, or newspaper article […]

Chart of the Day: Homeownership over Time

Here are two charts from a recent article in The Atlantic about changing rates of homeownership across different age cohorts and time periods: [US homeownership rate.] Of course, the tone of the Atlantic’s piece is that homeownership is automatically a good thing, suggesting that “the economy has a Gen-X problem” because they’re not buying homes. While […]