The sensationalist reporting of rising China tends to celebrate the country’s ascent. But there is one area where both economists and casual observers see a potential disaster: the real estate market. Media reports of skyrocketing housing prices in first tier cities like Beijing and Shanghai and photo essays of Chinese ‘ghost cities’ inject sober skepticism into the otherwise bewildering reality of rapid growth. read more »
One of the news stories circling lately is an interview with Andres Duany where he asserts that public participation requirements are too onerous to enable great work to be done. Early in my career I worked as a public historian and historic preservation specialist, so rather than launch immediately into my opinion, let me tell you a true story. read more »
There is mounting concern in Australia about the nature and extent of country’s housing affordability crisis. Expressions of distress are not limited to the middle income households who are locked out of the Great Australian Dream of home ownership. There is heightened interest from advocates of low income households and an opposition political party. Moreover, Australia's overvalued housing is receiving renewed attention in international circles. read more »
Economists, planners and the media often focus on the extremes of real estate — the high-end properties or the foreclosed deserts, particularly in the suburban fringe. Yet to a large extent, they ignore what is arguably the most critical issue: affordability. read more »
Different is not necessarily better or worse. I took notice of this upon moving from the Echo Park district of Los Angeles to Irvine. Some acquaintances and casual observers viewed it as a shift from ground zero of hipster chic to the center of conformity. Neither comes close to capturing the truth about either place.
Irvine is very different from Echo Park—not necessarily better or worse. That’s my point of view as a resident who appreciates aspects of both places. read more »
When I began my land planning career in 1968, one of the first things I learned about was the use of the Rubber Scale. What is it? Rubber Scale was a term used by civil engineers and land surveyors to describe an inaccurate plan that ignored the physical limitations of the existing terrain. To say that the planner or architect had used a Rubber Scale to create a beautifully rendered plan with pastel colors and soft shadows cast from tree stamps was a negative comment, since these plans were pretty much worthless to the engineer and surveyor that had to make the plans conform to regulations. read more »
I was welcomed home to Chicago from visiting family on Christmas Day by a cold house and a gas furnace that wasn't working. The next day a repair tech gave me the bad news about a blown circuit board that would cost over $500 to replace. But I heard that were was a $1500 tax credit for energy efficient upgrades that was expiring at year end. With $2000 in “free money” to spend, I thought maybe furnace replacement might be a better option. At eight years old, the furnace might have more years of life. read more »
Edward L. Glaeser, in an end-of-year piece for the New York Times, claims that generous housing supply is the reason that Texas’s economy is performing so well. As he says in his final paragraph:
“Housing regulations, more than those that bind standard businesses, explain the Sun Belt’s population growth. If New York and Massachusetts want to stop losing Congressional seats, then they must revisit the rules that make it so difficult to build. High prices show that the demand would be there if the supply is unleashed.”
This can’t be true. read more »
This week the UK government announced an ”end to anti-car policies” reversing the guidance to local authorities to dissuade citizens from using their cars in favour of public transport. Charges for parking will be reined in, they promise.
It should be good news. The comically-named ”traffic calming” schemes put in place by the outgoing government were deeply unpopular. Still, we are getting used to taking our announcements from the new coalition government with a pinch of salt. read more »
We're coming to the end of the season when we focus a great deal of attention on faith. What is faith? The Biblical definition calls it the substance of things hoped for; the evidence of things not seen (Hebrews 11:1, KJV). Humans have the capacity to firmly believe in something that cannot be explained by reason and is not visibly evident. Faith is the basis of the world's major religions, and often is a cause for war, and today, terrorism. But though the season of faith may be winding down, there is still a place where faith remains strong year round: It is often the basis of the way we plan our communities. read more »