Published: 2019 | Evan Mast | The Captured Economy Abstract I study the short-run effect of new housing construction on housing affordability using individual address history data. Because most new construction is expensive, its effect on the market for more…
Sand Castles Before the Tide? Affordable Housing in Expensive Cities
Published: 2019 | Gabriel Metcalf | The Journal of Economic Prespectives Abstract This article focuses on cities with unprecedented economic success and a seemingly permanent crisis of affordable housing. In the expensive cities, policymakers expend great amounts of energy trying…