Daniel Herriges
Person on 2 sites
Urban planner, co-author with Charles Marohn of Escaping the Housing Trap, and policy director at the Parking Reform Network. Wrote for Strong Towns from…
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ppll (opens ppll.app)
Where public figures publish, and what they are on record saying.
Updated 2024-05-29 -
9 beliefs on korrents (opens korrents.com)
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Rents rise when vacancy is low and stabilise when vacancy is high, which makes the vacancy rate the housing metric that actually predicts prices. (opens korrents.com)
“Empirical data drawn from many different regions clearly shows that, on a metropolitan scale, rents tend to rise when vacancy rates are low and stabilize when vacancy rates are high.”
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Building a lot of housing in an expensive city will not lower rents there; it lowers them in the cheaper places that were absorbing its spillover demand. (opens korrents.com)
“In fact — and this is a point that is, in my opinion, underappreciated by the pro-housing side — building a bunch of housing in Santa Monica would probably not lower rents in Santa Monica. It would bring more people to…”
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Housing demand that a neighbourhood is not allowed to absorb does not disappear; it floods somewhere else, and that is what a housing shortage actually is. (opens korrents.com)
“So, when housing demand can’t be met in a given place, it doesn’t evaporate. It spills over. It goes somewhere.”
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Rents rise when vacancy is low and stabilise when vacancy is high, which makes the vacancy rate the housing metric that actually predicts prices. (opens korrents.com)