Michael Wiebe
Economist working on housing and replication.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 29 | Founded | a year ago | Last Issue | 7 days ago |
| Active | |||||
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blog.michaelwiebe.comLatest Issues
No nexus: affordable-housing impact fees are unconstitutional
In 2013, San Diego increased its affordable-housing impact fee on new office buildings. The rationale: office buildings bring in low-wage employees who can’t afford market-rate housing, so commercial developers are charged a fee to build af...
A model of land and housing, part 1: urban growth boundary
Upzoning increases the supply of housing and reduces prices. But how does this work in a supply and demand model? In this post I’ll walk through a simple general equilibrium model of land and housing, where both the price of land and the pr...
Inclusionary zoning works in theory, but not in practice
When zoning is a constraint on housing supply, upzoning can create a windfall gain for landowners by giving them valuable development rights. In theory, local governments can capture this surplus land value by requiring the landowner to pro...
YIMBY research wanted: upzoning and land prices
Upzoning reduces housing prices by increasing the supply of high-density land and allowing developers to build more homes on the same parcel, which shifts the supply curve for housing. With lower housing prices, developers bid less for pre-...
YIMBY research wanted: demand cascade
The key mechanism underlying the housing crisis is the ‘demand cascade’: upper-class people move in and bid up the price of high-end homes, which pushes middle-class locals to compete for low-end homes, which forces the poor to take on room...
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economist interested in housing and replication
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