Arpit Gupta
@arpitrage
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Associate Professor of Finance, @NYUStern. Finance/Real Estate/Urban newsletter: https://t.co/lWVJvq6vKg.
Manhattan, NY
Joined September 2015
📢Heavily revised working paper on AI + Zoning — . with @AlexBartik and @DMilo75, we have a new draft of our paper which expands on our method to understand housing regulations with AI. Incudes a new public data release with more housing regulation data:
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Huh, wild.
@tracewoodgrains 20% or new cars sold in Britain are part of the Motability ‘disability’ scheme, and those eligible get free servicing, insurance and a new car every three years. Has been opened up to unfalsifiable ‘mental health’ conditions in recent years.
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Did anyone try looking for impacts of minimum wages on employment; where the variation comes from the real decreases in minimum wage due to inflation?.
Economists spent decades brawling over whether minimum wage made everyone much better off or much worse off. Then the minimum wage was mostly abolished by inflation. The empirical effect of removing the laws was… not big enough to be obvious, in any direction.
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RT @ModeledBehavior: I have been waiting to write this piece for a long time. I think people are misinterpreting the lessons from the China….
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RT @alz_zyd_: A good set of slides arguing why modern economic theory is against free trade . In our basic, totally textbook economic model….
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RT @corbtt: Big news: we've figured out how to make a *universal* reward function that lets you apply RL to any agent with:.- no labeled da….
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Unlike the WSJ/Urban Digs data, StreetEasy finds a pretty low passthrough of the broker payment ban onto higher rental rates
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Not sure where the planners all got this notion that buildings have to be in "conversation" with their neighborhood, and "respond" in scale
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Obvious point, but there is a tension between tariffs used for “geoeconomics” purposes (ie coercion, for which maximum discretion helps) and industrial revival (for which you want consistency).
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This would likely cost a lot of money. So we also modeled the effect of a budget-neutral policy which raises property taxes to cover the cost. Through a capitalization effect (ie lower up front purchase prices), this combo policy works even better to raise homeownership
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In a recent paper, we simulate exactly the effects of this kind of capital gains removal!. In steady state, it would improve homeownership by young households, by alleviating lock-in and encouraging downsizing by elderly households.
BREAKING: Rep. Marjorie Taylor Greene has introduced the “No Tax on Home Sales Act,” a sweeping proposal to "eliminate the federal capital gains tax on home sales.".
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RT @momin_rayhan: I've officially ended my job search! While I'm not publicly disclosing the position until I start, I wanted to share some….
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Stablecoin demand could restore an element of convenience yields to Treasuries, lowering borrowing costs
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RT @emollick: This large study of 187k developers using GitHub Copilot finds AI transforms nature of coding. Coders focus: more coding & l….
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In New York City, we seem to have adapted to the summer heat by people carrying these hand held fans everywhere. Asian style sun umbrellas also seem more popular.
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