Demographics

U.S. Cities Have A Glut Of High-Rises And Still Lack Affordable Housing

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Perhaps nothing thrills mayors and urban boosters like the notion of endless towers rising above their city centers. And to be sure, new high-rise residential construction has been among the hottest areas for real estate investors, particularly those from abroad, with high-end products accounting for 8o% of all new construction.

Yet this is not an entirely high-end country, and these products, particularly the luxury high-rises in cities, largely depend on a small segment of the population that can afford such digs.  read more »

Elusive Population Growth in the City of Los Angeles

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How many times can a city reach 4 million population for the first time? I submit that Los Angeles (my birthplace), now near its fourth such celebration, is the undisputed champion, with each of the first three having not actually been reached.  read more »

Post-Work Won’t Work

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Proposals to institute a basic income are increasingly popular, especially in Silicon Valley. Philippe Van Parijs and Yannick Vanderborght make their case for it in Basic Income: A Radical Proposal for a Free Society and a Sane Economy. A basic income—an annual, unconditional cash grant to every adult, regardless of need, and without a work requirement to obtain it—would be non-taxable and total about 25 percent of GDP.  read more »

How Professionals Choose Where To Live

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With the growing bifurcation of incomes in America, most regions would prefer, if given a choice, to attract higher-earning professionals to their areas. These people generate more spending in the community and contribute more taxes to the till.

So, what does it take to get them there?  read more »

Subjects:

California Population Lags Behind Projections

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Halfway through the new decade, California, widely seen as an irresistible force for the young and ambitious, is underperforming the state’s own demographic projections. Since 2010 the state’s population grew 5.3 percent from the 2010 census figure, 12 percent below the 6.1 percent increase projected by the California State Department of Finance. The population increased at below projected rates in all of the five metropolitan regions (combined statistical areas, or CSAs and metropolitan statistical areas MSAs, outside the CSAs) with more than 1,000,000 population, except in San Diego.  read more »

A Different Kind of Border Wall

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To slow mass migration, stop the illicit capital flight from poor to rich countries.

An asset manager called ____ Capital recently sent out this email seeking referrals:  read more »

A New Way Forward on Trade and Immigration

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President Donald Trump’s policy agenda may seem somewhat incoherent, but his underlying approach — developed, in large part, by now-departed chief strategist Steve Bannon — can be best summarized in one word: nationalism. This covers a range of issues from immigration and trade to cultural and ethnic identity, and generally the ones with the most polarizing impact on our political system.  read more »

Children and Cities

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My wife recently gave birth to our first child. It’s an exciting time – and also one that portends great changes for our future.

Cities are supposedly hostile to children. But living on the Upper West Side of New York, we’ve experienced nothing but oohs and ahhs over our son. The people in our neighborhood love children. And there are plenty of them around. The UWS is one of those places you could probably classify as a “strollerville.”  read more »

California’s Coming Youth Deficit

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Images of California, particularly the southern coast, are embedded with those associated with youthfulness — surfers, actors, models, glamorous entrepreneurs. Yet, in reality, the state — and the region — are falling well behind in the growth of their youthful population, which carries significant implications for our future economic trajectory and the nature of our society.  read more »

Smaller American Cities Need to Focus on Private Sector Job Growth Downtown

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I’m back from a short break. While I was away my debut contribution to City Lab was published. In it I argue that the next frontier for smaller cities (meaning metros in the 1-3 million raise) in their downtown development efforts needs to be a focus on growing private sector jobs.  read more »