In this oligarchic era, dominated as never before in modern history by the ultra-rich, their movements are far more than grist for gossip columns. They are critical to the health of city economies around the world. read more »
For the better part of a century, Southern California has been seen as the land of surfers, hipsters and youthful innovators. Yet the land of sun and sea is becoming, like its East Coast counterpart Florida, increasingly geriatric.
This, of course, is a global and national phenomenon. From 2015-25, the number of senior-headed U.S. households, according to the Joint Center on Housing Studies at Harvard University, will grow by 10.7 million, compared with 2.5 million households headed by people ages 35-44. read more »
Millennial renters overwhelmingly plan on buying their own homes, though affording them could be far more challenging than they think. This is an important conclusion from a renters’ survey by apartmentlist.com, an apartment search website (See: The Affordability Crisis: Are Millennials Destined to be Renters?). read more »
New Yorkers like to think of themselves as ahead of the curve but, this year, they seem to be embracing the most regressive politics. The overwhelming favorite in Tuesday’s primary among Republican candidates – with more than 50 percent support, according to RealClearPolitics – is Donald Trump, the brash New Yorker whose campaign vows to “make America great again.” On the Democratic side, New Yorkers appear to prefer Hillary Clinton, their former U.S. senator and quintessential avatar of the gentry liberals, rather than feeling “the Bern.” read more »
Tokyo-Yokohama continues to be the largest city in the world, with nearly 38 million residents, according to the just released Demographia World Urban Areas (12th Annual Edition). Demographia World Urban Areas (Built-Up Urban Areas or Urban Agglomerations) provides annual estimates of the population, urban land area and urban population density of all identified built-up urban areas in the world. This year's edition includes 1,022 large urban areas (with 500,000 or more residents), with a total population of 2.12 billion, representing 53 percent of the world urban population. read more »
Americans are moving to middle-sized metropolitan areas, according to the latest Census Bureau population estimates. Between 2010 and 2015, all of the domestic migration gain was in a broadly defined middle of metropolitan areas between 250,000 and 5,000,000. Both above and below that range there were huge domestic migration losses. read more »
Yes, wealth concentration is insane. But the ways in which wealth is shifting are surprising—and give reason for a little optimism.
In an age of oligarchy, one should try to know one’s overlords—how they made their money, and where they want to take the country. By looking at the progress of the super-rich --- in contrast with most of us --- one can see the emerging and changing dynamics of American wealth. read more »
As last week's US Census Bureau population estimates indicated, the story of population growth between 2014 and 2015 was largely about Texas, as it has been for the decade starting 2010 (See: “Texas Keeps Getting Bigger” The New Metropolitan Area Estimates). read more »
From 2009-11, Americans seemed to be clustering again in dense cities, to the great excitement urban boosters. The recently released 2015 Census population estimates confirm that was an anomaly. Americans have strongly returned to their decades long pattern of greater suburbanization and migration to lower-density, lower-cost metropolitan areas, largely in the South, Intermountain West and, most of all, in Texas. read more »