Housing

I was in Atlanta last month and was encouraged to poke around by the people who invited me. For my entire life the greater Atlanta metroplex has grown in population, geographic size, economic importance, and cultural relevance. As the locals like to remind everyone, Hartsfield-Jackson is the busiest airport in North America. Half the people I went to school with in New Jersey in the 70s and 80s migrated to places like Atlanta for all the usual reasons.  read more »

A metropolitan economy, if it is working well, is constantly transforming many poor people into middle-class people, many illiterates into skilled people, many greenhorns into competent citizens. . . . Cities don’t lure the middle class. They create it.
—Jane Jacobs  read more »

In the run-up to the elections for the European Parliament, The Economist magazine suggests that the old political divisions no longer apply (“Between somewhere and anywhere: The politics of suburbia in Europe,” May 11, 2019). As the chaos of a British Parliament is unable to meet its self-defined Brexit deadline, The Economist observes that “Culture wars have taken hold of European politics and eclipsed the old left-versus-right distinction,” suggesting that the traditional majority social democrats and Christian democrats could find themselves outnumbered after the election:  read more »

For decades California’s regulatory and tax policies have undermined our middle class, driving millions out of this most favored state. Perhaps nowhere is this clearer than in a drive that seeks to destroy the single-family neighborhoods preferred by the state’s middle-income households.  read more »

Few places on earth are better suited for middle-class prosperity than Australia. From early in its history, when it was a refuge for British convicts, the vast, resource-rich country has provided an ideal environment for upward mobility, from the pioneering ranches of the nineteenth century to the middle-class suburbs of the late twentieth. Journalist Donald Horne described Australia in 1964 as “a lucky country run mainly by second-rate people who share its luck.”  read more »

The French nobility, observed Tocqueville in The Ancien Regime and The Revolution, supported many of the writers whose essays and observations ended up threatening “their own rights and even their existence.” Today we see much the same farce repeated, as the world’s richest people line up behind causes that, in the end, could relieve them of their fortunes, if not their heads.  read more »

Thanks to an urban-growth boundary, Denver has a housing affordability problem. Apartment rents have increased by 65 percent in the last decade, while the nationwide cost of living in that time rose by just 18 percent and rents nationwide increased by an average of 28 percent.  read more »

This year’s basketball season, with the collapse of the Lakers and the surprising rise of the Clippers, poses a metaphor for the region. On the one hand, there’s the Laker obsession with the “star system” and impressing outsiders, notably on the East Coast. The Clipper model, reflecting a culture of hard work and teamwork, relies not only on celebrity but the raising of often obscure people into prominence.  read more »

Since the end of the Second World War, middle- and working-class people across the Western world have sought out—and, more often than not, achieved—their aspirations. These usually included a stable income, a home, a family, and the prospect of a comfortable retirement.  read more »

The current frenzy of new IPOs — Uber, Lyft, Slack, Postmates, Pinterest and Airbnb — seems destined to reinforce progressive notions that California represents the future not just for the state, but the nation. It will certainly reinforce California’s fiscal dependency on tech-dominated elites — half of the state’s income taxes come from people making over $500,000 a year — and provide a huge potential multi-billion dollar windfall for the state treasury.  read more »