Husband | American | Post-Post-Pre-Modernist | President of @boydinst
Ashburn Virginia
Joined May 2022
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Peter Banks retweeted
Wonderful examination from @PeterIBanks
These findings are not surprising; more people, cetaris paribus, should lead to higher housing prices.
My research also led to me to conclude the immigration does lead to higher housing prices, which I discussed in my latest essay on the topic “Managing Migration.”
But this says more about housing supply constraints and supply side policy failure than it does about immigration.
If immigration were banned and the “native” population was growing at the same clip, you would have the same problem.
Peter Banks retweeted
I agree with @PeterIBanks that Juneteenth is worth celebrating and a missed opportunity for something bigger.
His full piece is here: open.substack.com/pub/peteri…
Peter Banks retweeted
Posting this banger for @PeterIBanks because he’s a substack legend so he wouldn’t deign to post on this infernal hellscape
His writing is sick btw check it out: open.substack.com/pub/peteri…
Peter Banks retweeted
This, from @PeterIBanks, is a good summary of what it’s like to attempt to get the news from social media:
Peter Banks retweeted
Just did a livestream on whether the US has lost its capacity to solve problems with @PeterIBanks of the Boyd Institute. Watch here. substack.com/inbox/post/1854…
Peter Banks retweeted
Visited the Golden Gate Cemetery today, where Admiral Nimitz - allied commander in the Pacific in WW2 - is buried
My grandpa and his truck ran supplies for the Americans in Burma during the Pacific War, so this was a special visit for me. Kind of a wild full circle moment
Peter Banks retweeted
I googled this quote from the Cambodian genocide but poor Gemini thought I was talking to it :(
Peter Banks retweeted
.@PeterIBanks makes the case that crime policy is housing policy in this outstanding personal essay via @boydinst. Highly recommend 👇 substacktools.com/sharex/Jbg…
Peter Banks retweeted
When measured any way and at any level, in terms of rents or home values, absolute costs, or costs relative to income, we find that stricter land use regulations are strongly associated with higher housing costs.
Peter Banks retweeted
Midwestern housing is defined by cheap urban cores and expensive suburban rings, on the map it almost looks pockmarked. By contrast in the West Coast the urban cores often have the most expensive real estate. More maps in the comments👇
Peter Banks retweeted
Through the end of the year we here at Boyd will be tackling the issue of housing affordability.
Central to this is our essay contest with a top prize of $2,500 for a bold asymetric solution. Submission form in the comments.
Peter Banks retweeted
@Texas2036's Housing Policy Blueprint reveals that despite strong population & economic growth, housing in Texas is, too, becoming unaffordable. A mix of high demand, high costs, and underproduction threatens the state’s competitive edge.
A #HousingCrisis thread🧵 (1/10)
Peter Banks retweeted
Nationalism relied on the mechanisms of tribal identity and group decision making. We let nationalism lapse and tribalism was set adrift, but it didn't go away.
Now it is coming back in an uncontrolled form, triggered by online empathy. The Floyd video, the Oct 7th videos, Gaza pictures, etc. trigger a tribalization outside but adjacent to nationalism.
Peter Banks retweeted
Tribal accelerant. The existential threat narrative is building. Martyred hero (brother) added to helpless victim (sister, daughter).
Peter Banks retweeted
A surface-level take here (on why existing housing is now more expensive than new housing) is that we’re seeing the impact of “rate-locked” housing supply, whereby would-be sellers locked in to ZIRP-era mortgage rates are reluctant to list their homes or are even de-listing in lieu of decreasing the asking price — and on the other hand, newly-constructed homes are listed immediately and exchange hands at the market price.
Additionally, there’s likely a selection bias: when homeowners with ZIRP mortgages don’t sell, the existing-for-sale pool isn’t representative. The homes that do turn up for sale today are likely more often:
1) Larger, recently renovated, or located in higher-value neighborhoods (owners who move are often trading up or relocating for well-paid jobs); and/or
2) Belonging to cohorts unconcerned with mortgage rates (wealthier sellers with cash or very low remaining balances).
A very curious phenomenon, which could certainly also be explained in part by builder incentives and effective discounting, new builds being pushed to cheaper land, and quality/amenity/value drift in the existing stock as many existing houses sold now have been upgraded over the previous decade (and those improvements are capitalized into prices).
Peter Banks retweeted
Who’s Building America’s Autonomous Edge?
We mapped 50 startups reshaping how America moves, defends, and build — across land, sea, air, and space. Read the list and why this matters: boydinstitute.org/p/american…
Peter Banks retweeted
NEW: Trump's AI Plan focuses on software (“bits”), but the real race is also in the world of atoms: drones, robots, autonomous systems. The path to winning in AI must include autonomous systems. via @PeterIBanks boydinstitute.org/p/america-…
