It's partly what long-time tenants are paying (even in non-stabilized apts) versus what's on the market right now. Because the Elliman report says the median rent on a new Brooklyn lease is $3,300 for a studio and $4,500 for a 3BR. millersamuel.com/files/2025/0...
cc @besttrousers.bsky.social

Cathy O'Neil's take in 2017 www.bloomberg.com/opinion/arti...

I think poverty is probably the main reason Hartford ranks so high

It's in 73rd place (71st if you don't include Puerto Rico), at 14.9%

Seattle, which has had a huge boom in apartment construction since the early 2010s, is probably the big US city with the most marked uptrend in car-free households (albeit from a pretty low base) www.bloomberg.com/opinion/arti...

In NYC, carlessness is on the rise again after that car-buying boomlet early in the pandemic (I left off Staten Island because its ups and downs seem to be mostly sampling error) www.bloomberg.com/opinion/arti...

The neighborhoods outside of NYC with the highest percentages of car-free households. A lot in SF, Chicago, Washington and Philly www.bloomberg.com/opinion/arti...

Big surprise: New York is the only US city where most households don't have cars. But there are some big zero-car minorities across the river in New Jersey and in Washington, Boston and San Francisco. From new column with gift link: www.bloomberg.com/opinion/arti...

one way to understand the LLM boom is that we have finally, actually, invented Ask Jeeves.

Lots of transit news from BART director Victor Flores - including that the BART board has voted to use standard gauge for the 2nd set of transbay tubes.

This will open up the option for Caltrain, High Speed Rail, and Amtrak to cross between downtown San Francisco and the East Bay in the future.

I noticed! www.bloomberg.com/opinion/arti...

New York's Gun Involved Violence Elimination initiative (GIVE) has data updated through August. Shooting victims were down 34% relative to August 2024 and fell to a new 12 month rolling record low since 2007. See their excellent dashboard: www.criminaljustice.ny.gov/crimnet/ojsa...

WFH has had a big impact on commuting, with the share of American workers who drive alone to work stabilizing at 69.2% (same in 2023 and 2024), the lowest it's been since the 1980s. Commuting by public transportation is down too www.bloomberg.com/opinion/arti...

Here are the metro areas with the highest WFH percentages, with comparisons to how things stood there in 2019. Biggest jumps in the rankings are Corvallis (not far from Portland) and Bremerton (not far from Seattle) but also a pretty huge leap by metro DC

A month into the DC deployment we see no real change in the violent crime trend, a possible drop in shootings that seems real but is a bit tough to tease out from the pre-existing trend, and a drop in property crime that's possibly tied to dropping mobility. Still too early to say much for sure IMO.

New Census data on working from home is out this week, and Santa Monica is No. 1! This is ranked by Public Use Microdata Data — I explain why in my new column (gift link) — but it also tops the list if you rank by cities. www.bloomberg.com/opinion/arti...

Got that wrong

No you can't bet on it. But you can bet on whether the BLS will stop reporting payroll data this year polymarket.com/event/will-b...

I think the preliminary benchmark payroll revisions coming out in a few minutes are going to be on the low end of all the estimates. Looking at the Q4 2024 QCEW data (the revision will be based on Q1 2025 data) I just don't see the kinds of huge discrepancies there were in Q4 2023.

New this week: Chicago likely has had fewer shootings through August year than any year since the mid-1960s. Gun violence remains a problem there, but I wrote about the city's encouraging trends and the data challenge of historically contextualizing this year.
jasher.substack.com/p/contextual...

How reliable are crime statistics?

@byjustinfox.bsky.social explains why he still trusts the data, even with its flaws 🎥

The Real-Time Crime Index has just been updated with numbers from nearly 150 more law-enforcement agencies and now it shows both violent crime and murder to be lower as of this June than in 2018-2019 realtimecrimeindex.com

Excellent primer on crime statistics from @byjustinfox.bsky.social

www.bloomberg.com/opinion/arti...

ages 16 through 64