Michael Wiebe
Economist working on housing and replication.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 31 | Founded | a year ago | Last Issue | 6 days ago |
| Active | |||||
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blog.michaelwiebe.comLatest Issues
It's time to measure feasible zoned capacity
In California, municipalities are required to show that their zoned capacity, the number of homes that could theoretically be built under the current zoning, meets the housing target assigned by the state. As you’d expect, these targets are...
Do rising land values explain high housing prices?
To build housing, you need land. So you might think that rising land values are a cause of higher housing prices, in the same way that more expensive construction labor and materials drive up home prices. This is true in some contexts, but...
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...
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economist interested in housing and replication
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