In a number of Western world cities, there is rising concern about foreign housing purchases which may be driving up prices for local residents. Much of the attention is aimed at mainland Chinese buyers in metropolitan areas where housing is already pricier than elsewhere. The concern about housing affordability is legitimate. However, blaming foreigners misses the point, which is that the rising prices are to a large degree the result of urban containment policies implemented by governments. read more »
Urban risk may be understood as a function of hazard, exposure, and vulnerability.1 In metro New Orleans, Katrina-like storm surges constitute the premier hazard (threat); the exposure variable entails human occupancy of hazard-prone spaces; and vulnerability implies the ability to respond resiliently and adaptively—which itself is a function of education, income, age, social capital, and other factors—after having been exposed to the hazard. read more »
The next culture war will not be about issues like gay marriage or abortion, but about something more fundamental: how Americans choose to live. In the crosshairs now will not be just recalcitrant Christians or crazed billionaire racists, but the vast majority of Americans who either live in suburban-style housing or aspire to do so in the future. Roughly four in five home buyers prefer a single-family home, but much of the political class increasingly wants them to live differently. read more »
The Minneapolis-St. Paul Metropolitan Council is gambling $8.7 million on a project to alleviate pedestrian congestion that might exist in 5 to 10 years if we’re somehow able to build two additional light rail lines and they are operating at full capacity for 10 days a year.
That’s like buying flood insurance on the house you have yet to buy. read more »
Last month I bought an old fixer-upper for $15,000 in Cincinnati. It was originally offered at $17,000, but I got the sellers down a bit. The place is a complete disaster. All the copper pipes and wires have been stripped out of the building. It hasn’t seen paint for decades. Every window and door needs to be replaced. The roof is shot. There’s no insulation of any kind. The yard is a mess. And there are plenty of similar houses in the neighborhood. So why exactly did I buy it? I’ll get to that in a minute. read more »
Across federal, state, and local levels, Australian urban planning authorities have emphasized the need for policies that seek to limit urban fringe development and create densely-populated urban centers. This process is called ‘urban consolidation’ and has been a goal of Australian authorities for more than three decades. More specifically, urban consolidation is defined by efforts to concentrate housing, jobs, and amenities around “activity centers” such as a traditional downtown, satellite urban centers, and elongated strategic corridors. read more »
Core Based Statistical Area (CBSA) is the Office of Management and Budget’s (OMB) way of defining metropolitan regions. The OMB (not the Census Bureau) defines criteria for delineating its three metropolitan concepts, combined statistical areas, metropolitan statistical areas, and micropolitan statistical areas. The CBSA has obtained little use since this adoption for the 2000 census. According to OMB: read more »
I drove out to a distant suburb recently to attend to some business and I passed by a cluster of billboards on the side of the freeway that got me thinking. The general gist of the slogans asserted a conservative anti-government anti-urban rebellion. These are clearly people who don’t want density and public transit imposed on them by pointy headed liberal idiots. I have to admit I have some sympathy for this perspective, although probably not for the same reasons as the billboard people. read more »
In the last 25 years there has been a huge change in the level of competitiveness of smaller urban areas – by which I mean the small end of the major urban scale, or metro areas of about one to three million people – that has put them in the game for people in residents in way they never were before.
I recently gave the morning keynote at the Mayor’s Development Roundtable in Oklahoma City and talked a bit about this phenomenon, as well as how these generally younger and sprawling areas ought to be thinking about their future. read more »
Southern California faces a serious middle income housing affordability crisis. I refer to middle income housing, because this nation has become so successful in democratizing property ownership that the overwhelming majority of middle income households own their own homes in most of the country. read more »