Stephanie Kestelman
@stephkestelman
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Director of Housing @Arnold_Ventures. Economics PhD through @HarvardEcon. Tweets: housing, cities, climate.
Washington DC
Joined April 2017
Bharat's substack response ⤵️ to my thread about his & @nealemahoney's op-ed has brightened my day. So refreshing compared to the snarks (and vivid expressions of desire for my assassination) conveyed on this platform. A few notes on possible paths forward. 🧵/13
I appreciate the thoughtful responses to my recent NYT op-ed on price controls with @nealemahoney. I've tried to answer some concerns here, including those raised by @jasonfurman and @CSElmendorf. https://t.co/bLNQ77MLWx
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Maybe unpopular opinion but tenant protection laws went too far in many jurisdictions. Clever renters could game system & live 12+ months without paying. That loss isn’t absorbed by landlords, it gets baked into higher housing costs for everyone. Good to see DC seek more balance.
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I am now preparing some DiD lecture slides to give a talk at Amazon, and I have created this DiD Checklist. I am sharing them here in case some of you find it useful!
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Property buyouts combined with building bans are the most effective form of development restriction. Policies that limit maximum density can increase expected wildfire costs.
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Long difference estimates show similar non-linear impacts.
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Each additional house between 0 and 300 housing units increases wildfire probability by 0.01 (OLS) or 0.24 (IV) pp from a baseline of 0.918 percent. Each unit beyond 300 decreases wildfire probability by 0.01 (OLS) or 0.45 (IV) pp until the probability reaches zero.
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In the cross-section, the average wildfire probability initially increases, then decreases with housing density.
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Most wildfire incidents between 2001 and 2018 started near developed areas
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UPDATED DRAFT ALERT A new version is out of my paper "Environmental Externalities of Urban Growth: Evidence from the California Wildfires" I use geospatial data from California to estimate the environmental externalities of urban development. A thread:
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Proud to be among such stellar company! Thank you @Harvard_JCHS for supporting my work on discretion in land use decisions
Three @Harvard doctoral students have been named 2024 John R. Meyer Dissertation Fellows: @jdikatz @HarvardHBS, @stephkestelman @HarvardEcon, and Begoña Peiro @HarvardGSD. https://t.co/YcFDfkKsmE
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The greatest to ever do it 🐐 Congratulations on an incredible NFL career, Jason Kelce.
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‘The White Man’s College’: How Antisemitism Shaped Harvard’s Legacy Admissions And Princeton, and Yale... https://t.co/Q0nDHOZD29
thecrimson.com
‘The White Man’s College’: How Antisemitism Shaped Harvard’s Legacy Admissions | Magazine | The Harvard Crimson
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I never thought I would resign from a labor union, let alone HGSU, where I served on the bargaining committee. But HGSU failed in its basic role of protecting and being in solidarity with Israeli students based on our identity and nationality. https://t.co/3uNg36PqWZ
thecrimson.com
Harvard Grad Union Endorses BDS and Calls for Ceasefire, Drawing Member Criticism | News | The Harvard Crimson
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I then calculate costs for a set of wildfires under counterfactual patterns of housing development. Due to the nonmonotonic relationship btw dev and wildfire probability, restricting some but not all development in fire-prone areas can have a larger impact on wildfire prob
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