housing

Minneapolis, Today and Tomorrow

Growing up in all white and mostly Jewish Oak Park (Michigan) of the 1950’s my only encounters with black people were our 70 year old landscaper my grandparents referred to as ‘boy’ and an occasional maid. My grandparents lived south of 8 mile and would take us to eat at ‘Little Black Sambo’s’ restaurant. That was the ‘normal’ I was raised in.  read more »

New Report: A Policy of Delusion and Misdirection

A new report authored by Joel Kotkin, Ali Modarres, and Wendell Cox examines how California's planning policies are contributing to the affordable housing crisis.  read more »

WSJ Editorial: How Politics Created the Oregon Housing Shortage

A January 5, 2020 Wall Street Journal editorial examines Oregon’s housing affordability crisis. The editorial, “The Housing Shortage in Profile: Construction in Oregon dropped to the lowest level since World War II” not only describes the immediate consequences of Oregon’s recently enacted land use regulations but also provides the four decade context that has done so much damage to its middle-class.  read more »

Australia's High-Rise Apartment Crash Turns Apocalyptic

Yesterday, the Australian Bureau of Statistics (ABS) released its dwelling approvals data for November, which revealed that dwelling approvals nationally have crashed by 35% in trend terms from the March 2015 peak, driven by a mammoth 52% decline in unit and apartment approvals.  read more »

Contrarian’s Corner: OC Housing Market Underpriced?

Chapman University President Emeritus and Professor of Economics Jim Doti gave more than the red meat of prognostication at the recent mid-year update on the economic forecast from the A. Gary Anderson Center at the Argyros School of Business and Economics.  read more »

AEI Rates Bay Area STEM Among the Worst

A new report by Edward Pinto of the American Enterprise Institute (AEI), which rates the “Ten Best and Worst Metro Areas to Live in for Science, Technology, Engineering, and Math (STEM) Jobs,” comes to some apparently surprising conclusions (full report).  read more »

Demographia International Housing Affordability Survey Executive Summary

The 15th Annual Demographia International Housing Affordability Survey covers 309 metropolitan housing markets (metropolitan areas) in eight countries (Australia, Canada, China [Hong Kong Only], Ireland, New Zealand, Singapore, the United Kingdom and the United States) for the third quarter of 2018. A total of 91 major metropolitan markets (housing markets) --- with 1,000,000+ population --- are included, including three megacities, with more than 10,000,000 residents (New York, London and Los Angeles).  read more »

Maine Governor Moving to Florida for Lower Taxes

Maine governor Paul LePage has announced that he will move to Florida after his term expires in 2019. According to The Hill, taxes are driving the Governor away. He said: “I will pay no income tax and the house in Florida’s property taxes are $2,000 less than we were paying in Boothbay,” LePage said. “At my age, why wouldn’t you conserve your resources and spend it on family [rather] than spend it on taxes?”

Vancouver: Speculators Market for Real Estate Agents

It has long been known by economists, but ignored by planners, that urban containment policies create speculators markets. This has been especially evident in Vancouver, the third most unaffordable market in the Demographia International Housing Affordability Survey, and Toronto, which has experienced record breaking house cost escalation relative to incomes since enacting its “Places to Grow” urban containment policy in the middle 2000s.  read more »