Economics

Chicago's Story Of Population Loss Is Becoming An Exclusive About Black Population Loss

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Population estimates released last week by the U.S. Census Bureau show that Chicago’s population has declined for the third year in row.

According to the latest estimates, Chicago’s population fell by about 350 in 2014, by just under 5,000 in 2015 and by more than 8,600 in 2016. Among the nation’s 50 largest cities, Chicago is the only city to lose population each year since 2013 and for those population losses to worsen each time.  read more »

Is There A Civilization War Going On?

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“Civilizations die from suicide, not by murder.” — Arnold J. Toynbee

From the heart of Europe to North America, nativism, sometimes tinged by white nationalist extremism, is on the rise. In recent elections, parties identified, sometimes correctly, as alt-right have made serious gains in Germany, Austria and the Czech Republic, pushing even centrist parties in their direction. The election of Donald Trump can also be part of this movement.  read more »

Highest Cost Rental Markets: Even Worse for Buyers

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There is considerable concern about rising rents, especially in the most expensive US housing markets. Yet as tough as rising rents are, the high rent markets are also plagued by even higher house costs relative to the rest of the nation. As a result, progressing from renting to buying is all the more difficult in these areas.  read more »

Housing Unaffordability Policies: "Paying for Dirt"

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Issi Romem, buildzoom.com's chief economist has made a valuable contribution to the growing literature on the severe unaffordability of housing in a number of US metropolitan areas.  read more »

How We Are Kluging the World's Growth Process

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The quirks of software and operating systems that we seem to experience on a daily basis are the result of Kluges – almost all software is written with fixes that work for a particular problem, often without knowing exactly why that fix works. As both a land planner and developer of high level precision design and engineering software, I do not allow kluged fixes – for either business.  read more »

Superstar Effect: Venture Capital Investments

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This is the latest in my “superstar effect” series. Richard Florida posted an interesting analysis of venture capital investments over at City Lab.  read more »

Ending Economic Apartheid

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Thanks to its greenbelt and slow-growth policies, Boulder, Colorado is the nation’s most-expensive and least-affordable housing market of any city not in a coastal state. As a result, as noted in an op-ed in The Hill, the number of black residents in Boulder declined by 30 percent between 2010 and 2016, leaving less than 1.6 percent of the city with African-American ancestry.  read more »

What Does the Future Hold for the Automobile?

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For a generation, the car has been reviled by city planners, greens and not too few commuters. In the past decade, some boldly predicted the onset of “peak car” and an auto-free future which would be dominated by new developments built around transit.  read more »

Progressive Cities: Home of the Worst Housing Inequality

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America's most highly regulated housing markets are also reliably the most progressive in their political attitudes. Yet in terms of gaining an opportunity to own a house, the price impacts of the tough regulation mean profound inequality for the most disadvantaged large ethnicities, African-Americans and Hispanics.  read more »

Garden Grove: The Other Kind of Incremental Urbanism

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This is the historic Main Street in Garden Grove, California. Back in 1874 land was platted in small twenty five foot wide lots and sold off with minimal infrastructure. Individuals built modest pragmatic structures with funds pulled largely from the household budget, extended family, and short term debt. This was long before the thirty year mortgage, government loan guaranties, mortgage interest tax deductions, zoning regulations, subsidies, economic development grants, or the codes we have today.  read more »