Housing affordability and dwelling shortages back to centre stage

The combined issues of housing affordability and dwelling shortages are once again emerging as key issues for the property industry, policy makers and the broader community.

Recent cyclical and relatively short-term movements in the property market – where we’ve moved from boom to moderation to a rebound again – have dominated discussion in recent years.  read more »

The political allegiances of America’s youngest generation, Gen Z, are up for grabs these days. Younger Americans are politically disengaged, rejecting ideological extremism, and want to move beyond commonplace political platitudes.

I learned this important lesson this fall, while teaching at a college and regularly visiting dozens of other colleges and universities around the country.  read more »

Austin is one of the fastest-growing cities in America, and the city of Austin and Austin’s transit agency, Capital Metro, have a plan for dealing with all of the traffic that will be generated by that growth: assume that a third of the people who now drive alone to work will switch to transit, bicycling, walking, or telecommuting by 2039. That’s right up there with planning for dinner by assuming that food will magically appear on the table the same way it does in Hogwarts.  read more »

If the tentative entrance of former New York Mayor Michael Bloomberg into the Presidential race materializes, he may discover difficulty of being an oligarch in an increasingly socialist-minded party. Bloomberg, whose fortune is estimated at $50 billion, many times Trump’s estimated $3 billion, much less Tom Steyer’s comparatively meager $1.6 billion, epitomizes the very capitalist class so detested by party activists.  read more »

California fires continue to rage, yet no one wants to take responsibility for the unlimited “fuel” for the fires. Rather than addressing ways to reduce the amount of “fuel” awaiting the next spark, homeless campfire, or lightning strike, California Governor Newsom’s solution to prevent devastating wildfires is more litigation and reorganization of a utility company.  read more »

Most American concerns with China revolve around economic issues, and, for some, the threat posed by that country’s expanding military. But China’s real existential challenge is not over market shares or submarines, but in a battle of values. Right now, it does not seem we are certain to win.

China presents the most profound challenge to liberal values since the end of the Cold War, a development that has caught our consistently lame political establishment by surprise. The leaders of both parties, and much of the corporate America, never saw it coming.  read more »

The name sounds like something a screenwriter might contrive – but not even Hollywood would buy a character as unlikely as William May “Billy “Garland.

Maybe that’s why so few of us have heard of Garland despite his role as one of the self-made SoCal aristocrats of the early 20th century who helped define the LA we inhabit today.

There’s a “truth-is-stranger-than-fiction” quality to Garland’s life story – from a New Englander with ailing lungs to omnipresent power broker in the City of Angels.

Or maybe it’s an “only-in-LA” tale.  read more »

Our way of life is a miracle for this kind of world, and … the danger lies in thinking that of it as ‘natural’ and likely to endure without a passionate determination on our part to preserve and defend it.” — W.V. Aughterson, The Australian Way of Life, 1951

For generations, Australia has enjoyed among the highest living standards in the world. The “Australian dream”, embodied largely by owning a single-family home with a small backyard, included well over 70 per cent of households.  read more »

Much of the media has been fascinated by the growing number of megacities (built up urban areas with at least 10 million residents). Not only are megacities regularly covered but various reports have them becoming denser. They’re not, as has been demonstrated by Professor Shlomo Angel, who leads the Urban Expansion Program at New York University’s Marron Institute.  read more »

The recent rash of fires, like the drought that preceded it, has sparked a new wave of pessimism about the state’s future. But the natural disasters have also obscured the fact the greatest challenge facing the state comes not from burning forests or lack of precipitation but from an increasingly dysfunctional society divided between a small but influential wealthy class and an ever-expanding poverty population.  read more »