Posted inChapel Hill

Do apartment buildings generate enough tax revenue to pay for the services they receive from the town?

Earlier this week, we asked a simple question — has recent large scale multi-family development in Chapel Hill improved the extent to which residential development as a whole pays for itself in terms of taxes paid versus public services consumed? We wrote that this question was based in part on a town-funded cost of services […]

Posted inHousing

A model for housing and housing prices

There’s quite a bit of vocal disagreement in Chapel Hill about how housing and housing prices work. Here, I lay out a simplistic model to illustrate how I think and what I assume about housing and housing prices. I hope this helps move our conversation forward. First, I will say that this model is going […]