A recent blog post by investor and stand-up comedian James Altucher (mentioned here) arguing that New York is dead forever attracted the hostility of many New Yorkers. Fellow comedian Jerry Seinfeld wrote a New York Times op-ed calling Altucher a “whimpering putz.” Mayor De Blasio, naturally, agrees with Seinfeld. read more »
2020 Election, Market Flywheel, and more
2020 Election
The outcome of the election is likely to be closer than most observers expected only a few weeks ago. In their view at the time, President Trump’s unusual communication style, his management of the pandemic, the poor economy (notwithstanding the stock market) and the urban protests all seemed to point to a Joe Biden victory in November.
Since then, several factors have emerged however: read more »
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Dwellings in Decline as Demographics Drive Demand
Rarely has the question of where, why and how people will live, work and play been so important, as the impact of COVID-19 begins to transform the demand and supply equation across the Australian property market. read more »
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COVID-19 and Walking: The Great Equalizer
Walking has been having a moment for a while now. Books and research have been proliferating about the joys and benefits of walking, which include cultural exchange, spiritual enlightenment, and cognitive and creative benefits. read more »
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Why the 2020 Election Will be Decided in Suburbia
American politics is increasingly about dueling geographies. Democrats have become the party of the nation’s cities, while the Republican Party finds its base in rural, small town and low-density exurban America read more »
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Lazaretto Dining
Last week a friend asked me for help in his back garden. This is the first time he’s owned a proper home rather than a condo and he’s not sure how to manage the yard. We’re in a part of the world where it doesn’t rain for most of the year and hand watering gets old fast. I brought over samples of the irrigation tubes and drip emitters I like to use and walked him through the installation process. read more »
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Is it About Black Lives or Is It About Power?
In 2012 I started my career as a structural engineer in the industrial suburbs of Johannesburg. This was my first job after completing my studies and the only rent that I could afford was a granny flat in the backyard of a property that belonged to an old Zimbabwean couple named Archie and Gayle. They were by then in their late 70s and they were still working to earn a living. read more »
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Highway Subsidies in 2018
Highway subsidies in 2018 totaled to $47.1 billion, substantially less than the $54.3 billion in subsidies received by transit agencies. Considering that highways move about 100 times as many passenger miles (and infinitely more freight) than transit, this is a serious disparity. read more »
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The Great American Land Rush of 2020
The Great American Land Rush of 2020 is underway in many metro areas across the country. Large numbers of American workers are untethered from a central office. As a result many are moving to less dense areas with less expensive land (and homes) and more of both. The greater New York City and Los Angeles metros are the hardest hit. Take NYC where single-family residential land per acre is 24 times as expensive in the densest quintile of zip codes as compared to the least dense quintile ($3.06 million vs. $129,000). read more »
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Reform, Not Defunding
Protests have spread across the United States for months now, along with calls for defunding local police departments. But the movement to defund police has a crucial flaw: the policy that it seeks would harm the minority communities whom the protesters claim to care about. Moreover, those communities don’t even agree with it. read more »
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