middle class

Feudal Future: Addressing the Housing Affordability Crisis & Protecting the Middle Class Dream

Joel Kotkin and Marshall Toplansky — Mon, 01 Apr 2024 11:36:15 -0400

Unlock the mystery behind why securing a roof over your head has become an arduous quest in today’s Western civilization. This episode promises to gift you with the perspectives of housing experts Joel Farkas, Wendell Cox, and Karla López del Río, as we navigate through the complexities of local and state regulations, fees, and the polarizing anti-sprawl policies that contribute to the housing unaffordability crisis. It’s a discussion that extends beyond numbers and policies, touching the lives of middle-class families and reshaping the demographic landscape of entire states.

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This show is presented by the Chapman Center for Demographics and Policy, which focuses on research and analysis of global, national and regional demographic trends and explores policies that might produce favorable demographic results over time.

Bay Area Council: Can We Restore the California Dream?

New Geography — Fri, 25 Feb 2022 15:11:05 -0500

Joel Kotkin, Presidential Fellow in Urban Futures at Chapman University and Marshall Toplansky, Clinical Assistant Professor of Management Science at Chapman University, plus Holland & Knight Partner Jennifer Hernandez and Raley’s President and CEO Keith Knopf join a Bay Area Council webinar to discuss how we can restore the California dream. The webinar was moderated by Jim Wunderman, President and CEO, Bay Area Council.

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Restoring the California Dream

Joel Kotkin and Marshall Toplansky — Wed, 19 Jan 2022 17:32:25 -0500

Join us for a webinar on January 21st, hosted by Joel Kotkin and Marshall Toplansky to learn how we can restore the California Dream for middle and working class Californians. Following the presentation of the report, there will be an all-star panel led by Jeff Ball, new CEO of the Orange County Business Council.

Panel participants include Raul Anaya, Joe Hensley, and Karla Del Rio.

Feudal Future Podcast: Special Episode — Restoring the California Dream

Joel Kotkin and Marshall Toplansky — Mon, 03 Jan 2022 11:37:29 -0500

On this episode of Feudal Future, hosts Marshall Toplansky and Joel Kotkin announce the new California report they've been working on, and have a special invite to all our listeners on January 21st.

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Join the Beyond Feudalism Facebook group.
Learn about Joel's book, The Coming of Neo-Feudalism.

About the hosts:

Joel Kotkin is the Roger Hobbs Presidential Fellow in Urban Futures at Chapman University, Executive Director of the Urban Reform Institute, and an internationally-recognized authority on global, economic, political and social trends. His most recent book, The Coming of Neo-Feudalism is now available for order.

Marshall Toplansky is a widely published and award-winning marketing professional and successful entrepreneur. He co-founded KPMG’s data & analytics center of excellence and now teaches and consults corporations on their analytics strategies.

125+ Years Savings for House Down Payment in L.A., S.F. and San Jose

Wendell Cox — Mon, 01 Nov 2021 11:44:49 -0400

A just published report by Knock.com (see note) estimates that, at current prices, the median income household could require between 115 and 167 years to save for a down payment on the median priced new home in some major metropolitan areas.

A just published report by Knock.com (see note) estimates that, at current prices, the median income household would require 12 years to save for a down payment on the median priced new house. This shortest down payment saving period is in the Houston, San Antonio, Oklahoma City and Atlanta metropolitan areas.

Among the markets in which new construction house transactions were eight percent or more of sales, Metro Miami and metro Sacramento had the longest down payment saving periods, at 30 and 21 years respectively. In both of these markets, only 20% of households could qualify for a mortgage on the median priced new house, according to Knock.com.

However, among the markets where new housing construction was less than the eight percent level, housing was far more expensive. Knock.com estimates that the median income household would need to save 115 years in metro New York to save for a down payment on the median priced new house. Three coastal California metros would require more than 125 years of savings for a down payment.

127 years in metro San Jose (includes Santa Clara and San Benito counties).
153 years in metro Los Angeles (includes both Los Angeles and Orange counties)
167 years in metro San Francisco (includes San Francisco, San Mateo, Alameda, Contra Costa and Marin counties.

The irony is that San Francisco and San Jose metropolitan area residents have been reported to be migrating to the Sacramento area for more affordable housing.

Each of the four metros with the longest down payment saving time were rated severely unaffordable in Demographia International Housing Affordability: 2021, published by the Urban Reform Institute (US) and the Frontier Centre for Public Policy (Canada). Among the markets in which new housing represented eight percent or more of housing transactions, Sacramento, Miami, Denver and Las Vegas were also severely unaffordable.

Note: Knock.com is a real estate firm established in 2015 by founding team members of Trulia.com Survey press release.

Wendell Cox is principal of Demographia, an international public policy firm located in the St. Louis metropolitan area. He is a founding senior fellow at the Urban Reform Institute, Houston, a Senior Fellow with the Frontier Centre for Public Policy in Winnipeg and a member of the Advisory Board of the Center for Demographics and Policy at Chapman University in Orange, California. He has served as a visiting professor at the Conservatoire National des Arts et Metiers in Paris. His principal interests are economics, poverty alleviation, demographics, urban policy and transport. He is co-author of the annual Demographia International Housing Affordability Survey and author of Demographia World Urban Areas.

Mayor Tom Bradley appointed him to three terms on the Los Angeles County Transportation Commission (1977-1985) and Speaker of the House Newt Gingrich appointed him to the Amtrak Reform Council, to complete the unexpired term of New Jersey Governor Christine Todd Whitman (1999-2002). He is author of War on the Dream: How Anti-Sprawl Policy Threatens the Quality of Life and Toward More Prosperous Cities: A Framing Essay on Urban Areas, Transport, Planning and the Dimensions of Sustainability.

Bulletin: U.S. Household Income Drops in Pandemic

Wendell Cox — Tue, 14 Sep 2021 12:32:35 -0400

The Census Bureau has just announced that median household income in the United States declined by 2.6% in 2020 compared to 2019. This is the first statistically significant reduction in income since 2011. In 2020, the median household income was $67,521, down from $69.560 in the last pre-pandemic year of 2019.

Feudal Future Podcast: What Works Best? The Office Debate: Work From Home vs. Work at the Office

Joel Kotkin and Marshall Toplansky — Mon, 02 Aug 2021 14:47:33 -0400

On today’s episode of Feudal Future hosts Joel Kotkin and Marshall Toplansky are joined by Doug Holte, the President of Irvine Company Office Properties and formerly served as a West Coast regional partner with the international real estate firm Hines, Kate Lister, president of Global Workplace Analytics (GWA), a research and consulting firm that helps employers understand and prepare for the future of work, and Andrew Segal, co-founder of Stemmons Enterprise software company. The panel discusses the effects of remote work and going back to the office that has exposed through the pandemic.

Join us for our free online event September 1st at 9am PST: THE WORLD AFTER COVID. The event will feature Richard Florida, the world’s premier urban expert, who will discuss the global future with leading experts from US, Europe, Africa and Asia. Florida, author of The Creative Class and the New Urban Crisis, will be followed by Joel Kotkin, Presidential Fellow in urban futures at Chapman; Behki Mahlobo, analyst and economic researcher at the Center of Risk Analysis in Johannesburg; Li Sun, expert of Chinese cities and professor at University of Leeds; and Laure Mandeville-Tostain, senior reporter for Le Figaro in Paris.

For more information click here:

www.chapman.edu/asktheexperts

To register for the event click here:

chapman.zoom.us

[02:50] Defining remote work

[05:29] Occupancy in suburban offices

[18:45] Geography of offices

[35:58] Threats with commercial real estate

Learn more about the Feudal Future podcast.
Learn more about Marshall Toplansky.
Learn more about Joel Kotkin.

Join the Beyond Feudalism Facebook group.
Read the Beyond Feudalism report.
Learn about Joel’s book, The Coming of Neo-Feudalism.

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More podcast episodes & show notes at JoelKotkin.com

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Feudal Future Podcast — Power & Responsibility: Tech's Control from the Eyes of a VC

Joel Kotkin and Marshall Toplansky — Tue, 08 Jun 2021 13:08:58 -0400

On this episode of Feudal Future, hosts Joel Kotkin and Marshall Toplansky are joined by Andrew Romans, Venture Capitalist, 3x author, advisor to Corporate Venture Capital Groups & Host of podcast - Fireside with a VC.

Andrew Romans is the founder of 7BC Venture Capital and Rubicon Venture Capital. Andrew lives by the motto - only invest if you can add value – otherwise, you do not deserve to be in the deal. He has financially outperformed more than 75% of all VCs in Silicon Valley. Before becoming a VC he was a VC-backed entrepreneur and 3x author, former techVC and M&A investment banker, founder of The Founders Club & cofounder of Georgetown Angels. He is the author of Masters of Corporate Venture Capital, Masters of Blockchain & The Entrepreneurial Bible to Venture Capital, which have been translated into Chinese, Japanese, Italian and Russian by major publishers. Romans raised over $48m for tech startups he founded by the age of 28. He is fluent in English, French & German. MBA Georgetown University, which he completed on scholarship.

[ 2:33] Concentration of power in global tech

[ 6:45] Historians perspective of the power of tech giants

[16:30] The impact on the middle class and becoming labor slaves

[29:08] Effect of regulations on tech giants and a glimpse into the feudal future

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Learn more about Andrew Romans and his company here : https://7bc.vc/

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Feudal Future Podcast — The Future of Africa's Middle Class

Rhonda Howard — Mon, 12 Apr 2021 15:52:01 -0400

On today's episode of Feudal Future hosts Joel Kotkin and Marshall Toplansky are joined by Bheki Mahlobo, Research Assistant at the Centre For Risk Analysis and Hugo Kruger, structural engineer and specialist in African economics.

[2:44] By 2050, 40% of the world’s population will be living in Africa

[6:59] Pros and Cons of Africa’s diversity

[12:45] Chinese model vs Democratic model

[33:00] Does Africa have a model for the future?

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More podcast episodes & show notes at JoelKotkin.com

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Learn more about the Feudal Future podcast.

Join the Beyond Feudalism Facebook group.

Read the Beyond Feudalism report.
Learn about Joel's book, The Coming of Neo-Feudalism.

Housing Affordability Stinks!

New Geography — Sun, 14 Mar 2021 17:02:14 -0400

Walk the World, hosted by Martin North, discusses the latest Demographia report on housing affordability. Why are prices relative to incomes so high?

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middle class

Feudal Future: Addressing the Housing Affordability Crisis & Protecting the Middle Class Dream

Bay Area Council: Can We Restore the California Dream?

Restoring the California Dream

Feudal Future Podcast: Special Episode — Restoring the California Dream

125+ Years Savings for House Down Payment in L.A., S.F. and San Jose

Bulletin: U.S. Household Income Drops in Pandemic

Feudal Future Podcast: What Works Best? The Office Debate: Work From Home vs. Work at the Office

Feudal Future Podcast — Power & Responsibility: Tech's Control from the Eyes of a VC

Feudal Future Podcast — The Future of Africa's Middle Class

Related:

Housing Affordability Stinks!