BC SOCIETY
Saved by @Mollyycolllinss

1/OK, so. Let's talk about Left-NIMBYism.

We all know about Right-NIMBYs, rabidly protecting their white-flight suburbs from Those People. And there are plenty of liberal NIMBYs too.

But NIMBYs of the Left are also a force to be reckoned

 2/Left-NIMBYs have developed a canon of interlocking, mutually reinforcing beliefs about housing and urbanism.

These beliefs are mostly false, but they form a powerful "canon" that quickly ossifies into a hardened worldview.

It looks something like this:
3/Fortunately, Nathan J. Robinson of Current Affairs has written an article that perfectly encapsulates the Left-NIMBY worldview (and quotes me in it!).

So this is a teachable moment.

https://t.co/nvFJryQZGi
4/Robinson selectively quotes a Bloomberg article of mine (https://t.co/iamRrW6oei).

Look at the part he quoted, vs. what I actually wrote!

Pretty different, eh? 😉
5/In fact, as I wrote in the article that Robinson failed to read more than one line of, it's theoretically possible that Left-NIMBYs COULD be right that allowing market-rate housing drives up local rents.

I take that possibility very seriously, as do YIMBYs.
6/But as always in economics, we need to look at the EVIDENCE, not just theory!

And although there isn't a mountain of evidence on market-rate housing yet, some evidence is starting to pile up.

And it doesn't look great for the Left-NIMBY theory.
7/For example, here's a 2016 paper by Xiaodi Li about what happens to nearby rents when you build market-rate housing.

https://t.co/AwrJTJK2lY
8/And here's a brand-new paper by Kate Pennington about what happens to rents and to gentrification when you build market-rate housing in San Francisco:

https://t.co/8GCbE1jNOC
9/And here's a 2019 paper by Brian Asquith, Evan Mast, and David Reed, about what happens to rents and to gentrification when you build market-rate housing:

https://t.co/6YPHc38NDF
10/There are others (https://t.co/Hp3ecU9Ly0, https://t.co/AjipSyRSOy), but the general result here is starting to become clear.

Market-rate housing lowers nearby rents while drawing high-income people away from low-income neighborhoods.
11/In fact, reality looks very much like my "Yuppie Fishtank Theory" (which is really just a segmented markets model).

It's an explanation of why YIMBYism doesn't need Econ 101 or Supply-and-Demand:

https://t.co/8o6V0L4Wbv
12/But Robinson gets things even more wrong when he claims that YIMBYs are Randian shills who hate public housing and demand that market-rate housing be the only solution.

Here's what he writes:
13/Robinson singles out three YIMBY organizations for his accusations:
California YIMBY
YIMBY Action
Open New York

Let's see what each one has to say about public housing, shall we?

Here's Brian Hanlon, co-founder of California YIMBY.

https://t.co/hU4hWQh1Px
14/Here's Laura Foote, executive director of YIMBY Action:

https://t.co/M52O8R67St
15/Here's Ben Carlos Thypin, founder of Open New York:

https://t.co/OxII8YxxKh
16/Robinson simply failed (or refused) to do his homework. His characterization of these YIMBYs is utterly wrong. In reality, they're just a bunch of lefties who want to build ALL types of housing instead of insisting on just one.
17/In fact, I think the conflict between YIMBYs and Left-NIMBYs is not fundamentally about evidence, or about public housing.

It's about preservationism vs. growth and change. Left-NIMBYs want to stand athwart urban history, yelling Stop.
18/Whereas YIMBYs recognizes that cities will always grow and change, and we can't preserve them in amber. Instead, we have to shape their growth into something equitable and inclusive.
19/Left-NIMBYism is not confined to the West Coast; you see it popping up in cities across the nation. It's wrongheaded, but it's something we're going to have to deal with as we fight to make American cities livable for everyone.

(end)

https://t.co/05c6IMSc4y
Anyway, if you like this sort of thing, you can sign up for my free email list, and have my posts delivered directly to your inbox!

https://t.co/FGppA1M8W6

More from Noahtogolpe 🐇

Noah Smith
Noah Smith
@Noahpinion
Today's @bopinion post is about Nigeria. I expect its conclusions will not come as a surprise to most Nigerians, but it's good for Americans to be thinking about Nigeria and its problems.

Nigeria is very dependent on oil, for its government revenues and for its foreign exchange earnings.

When oil prices fall, Nigeria's people suffer.


And like many oil-rich countries, the government tries to cushion the blow by subsidizing fuel (this is more expensive than you might think, since Nigeria can't refine all of its own oil).

When oil prices rise again, this puts a strain on govt. budgets.


Meanwhile, fewer and fewer Nigerians have jobs, which could portend a rise in social instability.


To escape the doom spiral of the Resource Curse, Nigeria should look to a country that seems to have beaten the curse:
ALL
Noah Smith
Noah Smith
@Noahpinion
Today's @bopinion post is about how poor countries started catching up to rich ones.

It looks like decolonization just took a few decades to start

Basic econ theory says poor countries should grow faster than rich ones.

But for much of the Industrial Revolution, the opposite happened.
https://t.co/JjjVtWzz5c

Why? Probably because the first countries to discover industrial technologies used them to conquer the others!

But then colonial empires went away. And yet still, for the next 30 years or so, poor countries fell further behind rich ones.
https://t.co/hilDvv0IQV

Why??

Possible reasons:
1. Bad institutions (dictators, communism, autarkic trade regimes)
2. Civil wars
3. Lack of education

But then, starting in the 80s (for China) and the 90s (for India and Indonesia), some of the biggest poor countries got their acts together and started to catch up!


Global inequality began to fall.
ALL
Advertisement
Noah Smith
Noah Smith
@Noahpinion
Krugman is, of course, right about this. BUT, note that universities can do a lot to revitalize declining and rural regions.


See this thing that @lymanstoneky wrote:

And see this thing that I wrote:

And see this book that @JamesFallows wrote:

And see this other thing that I wrote:
SOCIETY
Noah Smith
Noah Smith
@Noahpinion
1/I'm thinking about the end of Apu in the context of the national debates on immigration and diversity.


2/Apu's presence in Springfield represented a basic reality of America in the late 20th and early 21st century: the presence of nonwhite immigrants.

3/As Tomas Jimenez writes in "The Other Side of Assimilation", for my generation, immigrants from India, China, Mexico, and many other countries aren't strange or foreign. On the contrary, they're a

4/But that America I grew up with is fundamentally ephemeral. The kids of immigrants don't retain their parents' culture. They merge into the local culture (and, as Jimenez documents, the local culture changes to reflect their influence).

5/Simpsons character don't change. But real people, and real communities, do. So a character who once represented the diversity that immigrants brought to American towns now represents a stereotype of Indian-Americans as "permanent foreigners".
ALL
Noah Smith
Noah Smith
@Noahpinion
Remember: Just because an idea is old doesn't mean it's good.

Knowing whether old ideas are more likely to be good requires understanding whether conditions have changed in important ways.

Horse archery was an amazing method of warfare for over a thousand years...then people invented guns, and suddenly this great idea that had stood the test of time became obsolete.

Then again, when underlying conditions don't change much, tried-and-true approaches are probably better.

"Learning the lessons of history" usually just means assuming ergodicity and stationarity in an informal time-series model...

(end)
SOCIETY

More from Society

Michael Grunwald
Michael Grunwald
@MikeGrunwald
My dad’s first memory is hiding under a table 80 years ago tonight, when Nazis took his dad to Dachau on #Kristallnacht.

His parents, my Omi and Opi, always considered themselves more German than Jewish, so they didn’t think they’d get swept up in the madness.

Opi was taken to city hall with other Jews and lined up against a wall. He thought he was going to be shot.

He always remembered when they got to Dachau there were pajamas with Jewish stars waiting on their cots. Obviously not a spontaneous thing.

He was very lucky. His family got him a fake Uruguayan visa and he was out of Dachau six weeks later. “Before Christmas,” my dad recalls.
SOCIETY
AFP news agency
AFP news agency
@AFP
Hong Kong protester equipment list:
- respirator (dubbed "pig snouts" in Cantonese)
- helmet
- eye mask
- heat-proof gloves
- water bottle
- cling wrap
- saline
- traffic cones
- pots and pans

Demonstrators find creative methods to battle police tear gas
https://t.co/kPeUTu9iFh


AFP graphic charting Hong Kong's main socio-economic indicators and opinion polls on press freedom and government performance

@AFPgraphics


AFP graphic showing the main equipment used by hardcore pro-democracy protesters in Hong Kong to battle police tear gas, pepper spray and rubber bullets

@AFPgraphics


Frontline first aid.

Nurses, doctors, medical students and ordinary citizens with first aid training have clamoured to join a small volunteer corps helping treat people involved in the Hong Kong protests

@AFP's Yan Zhao reports: https://t.co/uDfYkMeZJf

📸 Anthony Wallace


Pro-democracy activists kick off three days of rallies at Hong Kong airport.

Protesters hope to win international support from arriving passengers. The last demonstration at the airport on July 26 passed off peacefully without causing flight disruptions
https://t.co/jmVqtEd4M2
SOCIETY
Advertisement
Medusa Benincasa
Medusa Benincasa
@SaraJBenincasa
A man just said “WHAT IS THAT?”when I walked by and then quickly yelled “IT WAS A COMPLIMENT” and then a small child said, and I quote, “Uncle Joe you can’t say that to ladies.” This boy will one day lead us all to greatness as a nation.

This is the second time in a month some dude has said something to me on the street and been shut down before I even said a word. Granted the LA version was more polite than when an NYC dude told me to smile and a lady cursed him out. People are hilarious.

I wouldn’t have been rude to either dude but wow, I didn’t even have to make the choice because we Americans are chatty.

Also I’m worried about Uncle Joe because $10 says his sister is the boy’s mom and we now know she’s not afraid to tell guys what to do.

My eyes got SO BIG and I almost laughed and Uncle Joe said, “That’s fair, my dude” to this kindergartener and I was like oh God the children will lead us.
SOCIETY
Kurt "Masks Save Lives" Eichenwald
Kurt "Masks Save Lives...
@kurteichenwald
For those of us suffering & dying in Texas, the sociopathy of @GOP that leads to an astonishing lack of concern about our lives by evil folk like @GregAbbott_TX @GovernorPerry @TuckerCarlson @DanCrenshawTX et al who blatantly lie about what’s happening...1

...just to score political points - and protect the profits of energy companies - is almost incomprehensible. These are people who would claim Social Security caused 9/11 if it was convenient. What caused this catastrophe is vast vast majority from gas, then coal/nuclear...2

...then wind. The ONLY source of power that is delivering more than expected in budgeting is wind. But that’s not convenient to say for the oil/gas/coal industry, so the @GregAbbott_TX @GovernorPerry @DanCrenshawTX stand atop our dead bodies lying to protect the companies...2

...shockingly, the ONLY people in a position of state/national strength are the executives with the company that manages electricity in the state, @ERCOT_ISO. But they can’t tell the whole truth, because that would entail revealing how much stupidity was done here for profit...3

...of industry by Texas @GOP. If gas/nuke/nuclear/wind had been winterized - as they are everywhere else in the country - this would have largely been prevented. But it would have cost companies money, and that would cut into profits. If the gas lines has been buried deeper...3
SOCIETY
BlackCalvinist
BlackCalvinist
@BlackCalvinist
LOL at the uptick in followers.

Fair Warning: I believe that Cultural American Patriotic Churchianity (CAPC for short - aka White Evangelicalism/Christian Nationalism) has caused more damage to the body of Christ and the credibility of the church than CRT ever has or will.

It's been a systemic problem since the founding of the country (indeed, before the founding of the country) and has contributed to the church being complicit in chattel slavery, Jim Crow, cointelpro, redlining and a host of other things the Bible condemns as sin.

The conflation of Christianity with Americanism since the founding of the country has left too many actual believers confusing love of country and culture with biblical Christianity (thus, in their minds, to fight against conservative political culture is also to fight against

what they think is biblical Christianity). It's part of what makes it okay to minimize the sins of men like Dabney while extolling his ability as a theologian in other areas, or minimizing it as him being 'a man of his time'. It also allows you to have an atheist speak at your

Christian conference while condemning your brother who holds different political views than you, but professes the same faith you do.

On the other side of the issue, the phrase 'black lives matter' is true because of the Imago Dei. Debate your momma about it if you disagree.
SOCIETY

You May Also Like

\u092a\u094d\u0930\u0924\u093f\u091c\u094d\u091e
प्रतिज्ञ...
@RamaInExile
#twitterArts
Arts are best form to Express thoughts & devotion. In All civilization Arts played very important role to express sprituality. Tibbeten Tangkhas are prime example .

List of My Paintings & Sketches


प्रलय पयोधि-जले धृतवान् असि वेदम्
विहित वहित्र-चरित्रम् अखेदम्
केशव धृत-मीन-शरीर, जय जगदीश हरे!!


छलयसि विक्रमणे बलिम् अद्भुत-वामन
पद-नख-नीर-जनित-जन-पावन
केशव धृत-वामन रूप जय जगदीश हरे


नंदसि यज्ञ- विधेर् अहः श्रुति जातम्
सदय-हृदय-दर्शित-पशु-घातम्
केशव धृत-बुद्ध-शरीर जय जगदीश हरे


क्षत्रिय-रुधिर-मये जगद् -अपगत-पापम्
स्नपयसि पयसि शमित-भव-तापम्
केशव धृत-भृगुपति रूप जय जगदीश हरे
ALL
Bharadwaj
Bharadwaj
@BharadwajSpeaks
Today is Jayanti of Ahilyabai Holkar

She was a widow who became Malwa's greatest queen. Defended our country & personally led armies into battle.Never plundered anyone. Developed Malwa into a prosperous kingdom. Rebuilt temples destroyed by Mughals. Built Dharmashalas at Tirthas


Unfortunately, her memory has been blemished by inaccurate representations in modern popular media.

The serial "Punyashlok Ahilyabai" depicts her as ultra secularist feminazi icon who questions Hindu rituals & Pandits while patronising Sufis.

This is far from historical truth!


Ahilyabai was born on May 31 1725 to Patil Mankoji Shinde.

She was from Dhangar clan(classified as OBC today). While Dhangars were traditionally into herding, they took up arms & held several military /civil roles in various eras of history(especially during Maratha resurgence)


In 1737, when she was 12, Ahilyabai Holkar was married to Khanderao , son of Subedar Malhar Rao Holkar.

By the time she was married, fortunes of Holkar family had already waxed.

Malhar Rao was a Subedar of territory comprising 30 Parganas yielding a revenue of at least 7 Lakh


In 1741, when Ahilyabai was newly married, her father -in-law Malhar Rao Built Indore palace & ordered the kanungo to populate the settlement with a promise of protection to traders.

This began rise of Indore from its background as modest trading town Indrapuri to a great city
ALL
Advertisement
Anu Satheesh \U0001f1ee\U0001f1f3
Anu Satheesh 🇮🇳...
@AnuSatheesh5
#Guruvayur_Krishna_Bhakthi  🕉
#Guruvayur
#Storytime
Beautiful Story of Guruvayurappan

Poonathanam Namboothiri was a great devotee of Guruvayurappan. One day Poonthanam was going to Guruvayur Kshetram. It was night time and eventhough Namboothiri was tired he continued to walk


Suddenly some thieves came and blocked his way. Poonthanam cried for Shri Krishna to help. Thieves snatched all valuables from him, but Namboothiri holding his Bhaghavatam book called Shri Krishna to help. That time a man came in a horse back and fought with thieves and protected


Namboothiri. Poonthanam thanked Krishna for helping him from danger and said to the man that "Shri Krishna has send you here and I don't know how to thank you".  The man smiled and told that he is Mangattachan, minister of  samoodhiris. Poonthanam once again thanked him and


gave his ring to Mangattachan as a token of thanks and continued his journey. He reached Guruvayur early morning for Nirmalya Darshan. Temple poojari came near him and told that Guruvayurappan came in his dreams and asked to hand over the ring to poonthanam.


When he opened Kshetra Nada poonthanam was surprised to see his ring on Guruvayurappan, which he gifted to Mangattachan. He understood that it was Guruvayurappan who came as Mangattachan to protect him. This is how Bhagwan treat his devotees.

Hare Krishna
🙏🕉🙏
ALL
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
SRI BANASHANKARI AMMAN, BANGALORE
#bharatmandir

Located in Southern Bangalore, this is one of the most popular places of worship in Bangalore City.
Devoted to Devi Banashankari, this shrine is visited specially during Rahukala which is believed to be an unfavorable time.


Somanna Shetty, a great devotee of Devi, brought this murti from Badami’s Banshankari Amma Kshetram.
It is said that many years ago, three ladies visited this shrine and requested the pujari to conduct puja for them. Since it was the inauspicious rahu kaal, the pujari refused.


However, upon their insistence, he conducted the puja. When he returned with prasadam, the ladies vanished. This made the people believe that they were none other than the Devi herself. Since then, the people perform poojas here during the Rahukaal.
@GunduHuDuGa


People use lemons as a diya. Lemons are cut from the centre and their pulps are removed, for pouring oil in them.
It is strongly believed that Devi removes all the troubles from the life of her devotees during the Rahukala although it is considered inauspicious for any pooja.
ALL
Jig's Patel
Jig's Patel
@jigspatel1988
How to trade on Expiry day with Nifty straddle?
(System trading on Expiry)

Triple straddle is one of the best and accurate methods for expiry day

If nifty trading at 15720 then will sell three straddles above 50 points from ATM, below 50 points and ATM.

Ex.
Sell straddle 15700(ATM), 15650(ATM-50), 15750 (ATM+50)

Stoploss of 80% on every leg and run your trade till 3 PM

Once SL hit in any Leg just keep holding other leg till expiry with SL (Never or less chance to hit both SL on expiry day)

Trading timing at 9:20 the Morning
ALL , STRADDLE BACKTEST , STRADDLE