Lincoln Post - The Cox-Zucker Machine

https://astralcodexten.substack.com/p/links-for-august

[Remember, I haven’t independently verified each link. On average, commenters will end up spotting evidence that around two or three of the links in each links post are wrong or misleading. I correct these as I see them, and will highlight important corrections later, but I can’t guarantee I will have caught them all by the time you read this.]

1: Ever wonder what happened to the Borgias after the Renaissance? Apparently they’re still around, and one of them - Rodrigo Borja Cevallos - was president of Ecuador back in the 90s. A lot of the Spanish branch of the family (who spell their name “Borja”) seem to have ended up in Latin America, which makes me curious whether Cuban-American immigration economist George Borjas is related too.

2: It’s long been a YIMBY talking point that building more luxury or market-rate houses will indirectly free up affordable housing, as richer people move out of cheaper houses into costlier ones. A new paper confirms and quantifies this effect: “Constructing a new market-rate building that houses 100 people ultimately leads 45 to 70 people to move out of below-median income neighborhoods, with most of the effect occurring within three years.”