Housing

In delivering the Annual Report of the Bank to the House of Representatives Standing Committee on Economics, Finance and Public Administration on August 18, 2006, (now former) Reserve Bank of Australia Governor Ian MacFarlane expressed concern about Australia’s house prices, which had escalated severely in relation to incomes.  read more »

The most recent Census population estimates revealed something that the mainstream media would prefer to ignore—the slowing population growth of big cities, including New York. The New York Times, for example, trumpeted Gotham’s historically high population yet failed to mention that the city’s growth is not only dramatically slowing but also, in the case of Brooklyn, declining for the first time since 2006.  read more »

The suburban house is the idealization of the immigrant’s dream—the vassal’s dream of his own castle. Europeans who come here are delighted by our suburbs. Not to live in an apartment! It is a universal aspiration to own your own home. —Los Angeles urbanist Edgardo Contini  read more »

How can Orange County become a better place to live for all of its residents? Joel Kotkin and Marshall Toplansky explore the challenges and solutions in Orange County Focus: Forging Our Common Future, a research brief from Chapman University's Center for Demographics and Policy. Read an excerpt from the report below:  read more »

The new 2017 US Census Bureau metropolitan area population estimates have been published. They show a significant increase in domestic migration away from the largest cities (the major metropolitan areas, with more than 1,000,000 population) toward the metropolitan areas with from 500,000 to 1,000,000 population. The data also shows an acceleration of suburban versus core county population growth within the major metropolitan areas themselves. The data is summarized in the table at the bottom of the article.  read more »

Once seen as a human-scale alternative to the crowded cities of the past, California’s cities are targeted by policy makers and planners dreaming of bringing back the “good old days,” circa 1900, when most people in the largest cities lived in small, cramped apartments. This move is being fronted by well-funded YIMBYs (“yes in my backyard”), who claim ever greater densification will help relieve the state’s severe housing crisis.  read more »

In the latest report from research and policy organization Environmental Progress, "California in Danger: Why the Dream is Dying and How We Can Save It," Michael Shellenberger highlights the most pressing issues facing California today and how we can solve them. Read an excerpt from the executive summary below.  read more »

California left-wingers who want to densify cities to make them affordable are getting some push-back from other left-wingers who think density will push low-income people out of neighborhoods.  read more »

Housing affordability is what largely drives the standard of living the United States. The 14th Annual Demographia International Housing Affordability Survey showed that, in 2016, there was a 0.83 correlation between the housing unaffordability, measured by the Median Multiple (median house price divided by median household income) and the composite cost of living (Note 1) for households entering the housing market in the 107 metropolitan areas with more than 500,000 residents (Note 2).  read more »

It’s been seven years since I wrote about “the screwed generation.” The story told has since become familiar: Millennials, then largely in their twenties, faced a future of limited economic opportunity, lower incomes, and too few permanent, high-paying jobs; of soaring college debt and structural insecurity (PDF).  read more »