Are America’s suburbs facing end times? That’s what a host of recent authors would have you believe. The declaration comes in variety of guises, from Alan Ehrenhalt’s The Great Inversion (2012), to “the peaking of sprawl” pronounced by urban planner Christopher Leinberger to, most recently, to Leigh Gallagher’s The End of Suburbs(2013). Suburbs and sprawl have joined the ranks of “history” and “nature” as fixtures of our lives that teeter on the verge of demise—if we’re to lend credence to this latest clamor from journalists, planners, and academics. read more »
One supposed trend, much celebrated in the media, is that younger people are moving back to the city, and plan to stay there for the rest of their lives. Retirees are reportedly following suit.
Urban theorists such as Peter Katz have maintained that millennials (the generation born after 1983) show little interest in “returning to the cul-de-sacs of their teenage years.” Manhattanite Leigh Gallagher, author of the dismally predictable book The Death of Suburbs, asserts with certitude that “millennials hate the suburbs” and prefer more eco-friendly, singleton-dominated urban environments. read more »
Like many older suburbs in high priced regions, Long Island faces two great crises: a loss of younger residents and a lack of affordable housing for the local workforce, including those employed as nurses, teachers and other professionals. read more »
Economist Colm McCarthy says that urban containment policy played a major role in the formation of the housing bubble. In a commentary in the Sunday Independent, Ireland’s leading weekend newspaper, McCarthy relates how urban planning regulations led to higher house prices in the Dublin area (Note 1). read more »
Affordable housing is Long Island's greatest regional failure and the key to our success in the 21st century. Yet, for such an important topic, there is still a fundamental lack of understanding of the problem, and a marked lack of standardization in studying it. read more »
There is a lot of speculation that residential real estate markets are in a bubble. Certainly there is cause for concern: The rates of gains in prices over the past year are unsustainable, and a bit disturbing. We are seeing multiple offers on a huge percentage of homes that are sold, and buyers are racing to make offers.
Sustained strong real estate markets are usually driven by household formation, or an increase in the percentage of the population that owns a home. Neither is happening. read more »
One of the National Party’s principal objectives since coming to power in New Zealand has been to address that nation’s terribly deteriorated housing affordability problem. Deputy Prime Minister Bill English explained the problem in his Introduction to the 9th Annual Demographia International Housing Affordability Survey: read more »
The proponents of currently fashionable planning doctrines favouring density promulgate a variety of baseless assertions to support their beliefs. These doctrines, which they group under the label of “Smart Growth”, claim, among other things, that from a health and sustainability perspective, the need to increase population densities is imperative.
With regard to health these high-density advocates have seized upon the obesity epidemic as a reason to advocate squeezing the population into high-density. This is based on a supposition that living in higher densities promotes greater physical activity and thus lower levels of obesity. They quote studies that show associations between suburban living and higher weight with its adverse health implications. But the weight differences found are minor – in the region of 1 to 3 pounds. Nor do the studies show it is suburban living that has caused this. read more »
People care deeply about where they live. If you ever doubt that, remember this: they staged massive protests over a park in Istanbul. Gezi Park near Taksim Square is one of that ancient city’s most beloved spots. read more »
Recently published research by Brian N. Jansen and Edwin S. Mills represents notable addition to the already rich academic literature that associates more stringent land use regulation with higher house prices. The analysis is unusually comprehensive and its conclusions indicate greater consequences than is usually cited. Mills is Professor Emeritus of Real Estate and Finance at Northwestern University and is renowned for his contributions to urban economics over more than five decades. read more »