Category: Affordability

Double-entry urbanization: Part 3, 1J = 1A + 1C

26 August, 2015 (10:00) | Affordability, Apartments, Berlin, Cities, Economic development, Homeownership, Housing, Infrastructure, Land value, Markets, Rental, Supply and demand, Urbanization | No comments

  By: David A. Smith [Continued from yesterday’s Part 2 and the preceding Part 1.] Any object, wholly or partially immersed in a fluid, is buoyed up by a force equal to the weight of the fluid displaced by the object.  – Archimedes’ principle of buoyancy Urban displacement is inevitable While Philip Oltermann, Anglo-German correspondent […]

Double-entry urbanization: Part 2, DPV = DI + DM = DE = DC

25 August, 2015 (10:00) | Affordability, Apartments, Berlin, Cities, Economic development, Homeownership, Housing, Infrastructure, Land value, Markets, Rental, Supply and demand, Urbanization | No comments

By: David A. Smith [Continued from yesterday’s Part 1] For every action, there is an equal and opposite reaction. – Newton’s Third Law of Mechanics It used to be so cheap to live in London – not any more As we saw yesterday, the first law of urbanization and economics proves that when a city […]

Double-entry urbanization: Part 1, RC = RE = RI + RR = RPV

24 August, 2015 (11:15) | Affordability, Apartments, Berlin, Cities, Economic development, Homeownership, Housing, Infrastructure, Land value, Markets, Rental, Supply and demand, Urbanization | 1 comment

By: David A. Smith A = L + OE – The fundamental accounting equation As first documented in 1494 by Frater Luca Bartolomes Pacioli The father of accounting, or so they say Nothing in the universe acts without impact; all actions have consequences; and all changes to one side of the ledger likewise impact the […]

No new housing, no new jobs

18 August, 2015 (10:00) | Affordability, Apartments, Cities, Development, Development economics, Economic development, Essential posts, Housing, London, Supply, Theory, Zoning | No comments

By: David A. Smith Want more jobs in your community?  Add more affordable housing. That’s not just logic, it’s also supported by evidence, and reported in The Economist (July 19, 2015): Since the financial crisis, sagging productivity growth has given politicians and economists alike sleepless nights.  In America productivity has risen by just 9% since […]

Speaking on behalf of the NIMBY party: Part 5, A lack of understanding of the economics

7 May, 2015 (10:00) | Affordability, Apartments, Campaigns, Development, England, Homelessness, Homeownership, Land use, NIMBY, Political vaporware, Politics, Scotland, Wales, Zoning |

[Continued from yesterday’s Part 4 and the preceding Part 1, Part 2, and Part 3.] By: David A. Smith Now, as election day in Britain dawns, having already mocked the Conservatives’ proposal – use other people’s money and other people’s land in some process other people will figure out after we win – and the […]