The advantages of no-zoning in Houston, The Economist on Dallas, Chicago's fiscal warning
Tory
Clearing more from the smaller items backlog this week:
No-Zoning Flexibility (and Complications): The Houston Landing recently explored Houston's lack of traditional zoning (with a leftist bias, of course). While acknowledging it adds some complexity (requiring deed restrictions, etc.), experts cited in the piece note the significant flexibility it provides, contributing to our ability to adapt and grow more dynamically than zoned cities. It reinforces that our system, while different, has tangible benefits.
Houston's No-Zone Recipe Keeps Housing Affordable: Hat tip to Barry Klein for sending The Daily Economy piece that summarizes Houston's success. Judge Glock highlights how our unique approach allows the market to respond quickly to demand, preventing the kind of artificial scarcity and price spirals seen elsewhere. The key elements? No zoning, minimum lot size reform, and a responsive development community. It's a recipe other cities could learn from.
Chicago's Fiscal Woes - A Cautionary Tale: This NYT Opinion piece details the severe fiscal challenges facing Chicago and Illinois, largely driven by pension debt. It's a stark reminder of the importance of fiscal discipline and realistic accounting for long-term liabilities – lessons Houston and Texas have generally taken to heart, contributing to our healthier financial position compared to many older northern cities.
The Economist: Dallas: Utopia for the Trump-curious CEO - The Texan city embodies the allure of small government. The description definitely sounds similar to Houston:
"The city boasts an enviable standard of living. Scorching summers are a small price to pay when a typical house costs a fifth less than in Austin and half as much as in San Francisco. “You don’t need to know some secret handshake to get your kid into a private school,” gushes a banker. Co-workers raise eyebrows when you do not go to your child’s 2 o’clock school play, marvels another.Best of all, enthuses a venture capitalist, Dallas is “unabashedly American” in its embrace of meritocracy and free enterprise. “If you are successful, any prejudice melts away,” agrees a CEO. The result is a virtuous circle. Business begets growth, growth brings people, people draw restaurants, culture and buzz"