This is a disease one should not underestimate, but let’s assume that the worst of the Covid-19 pandemic is past us, at least for now. The disease’s impact on economy, our way of life, the state of democracy and the world will resonate for years to come read more »
Urban Issues
Demographia International Housing Affordability – 2022 Edition Released
Demographia International Housing Affordability rates middle-income housing affordability in 92 major housing markets in eight nations: Australia, Canada, China, Ireland, New Zealand, Singapore, the United Kingdom and the United States). read more »
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The Limits of Libertarianism
Over the past half-century, libertarians have played a critical role in the ever-growing war against governmental nonsense. If you want to read the best critiques of wasteful transit policy, sports stadia, government pensions or cancel culture, you can find it among liberty-minded outlets like Reason magazine, the Cato Institute and numerous free-market think tanks. read more »
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Portland Downtown Devastated by COVID
The number of people working in downtown Portland dropped from more than 103,000 in mid-2019 to 13,000 in mid-2020, according to a State of the Economy report recently published by the Portland Business Alliance. The report doesn’t actually show numbers, but the chart below, which I took from the report, can be used to make pretty close estimates. read more »
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Toronto Solidifies Highest Density Ranking in North America
Toronto seems guaranteed to retain its position as the densest urban area in North America (Canada and the United States), based on 2021 Census data recently released by Statistics Canada. The Toronto population centre (urban area) has grown at a rate of 0.8% annually since the 2016 census, while increasing its urban density to 3,088 persons per square kilometer. read more »
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Five Steps to Save Historically and Architecturally Significant Homes — Proactively
From time to time, we hear of the demolition of an historic or architecturally significant home in the news. Inevitably, there’s an outcry. Community leaders agree: “Something must be done!”
But what can be done? read more »
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Does California Know What Time it Is?
Has the California proposition changed fundamentally? And does it matter for real estate?
The answer to the first question is yes—the state had a net population decline in 2021, the first drop since it began annual counts more than a century ago. read more »
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You Can't Fix the Housing Crisis with New Houses. We Need New Cities
Housing is rapidly becoming the key economic issue facing America's beleaguered middle class. Even as interest rates rise, rents are on a wild binge, up near 20 percent in the past year or more in some cities. Meanwhile, home prices have hit a high and appear to be climbing further still. Higher prices are emerging even in what have long been relative bargain communities in the southeast, as refugees from the high-priced Northeast pour in with their greater resources. read more »
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Exurbia Rising
Perhaps nowhere is the gap between America’s cognitive elite and its populace larger than in their preferred urban forms. For nearly a century—interrupted only by the Depression and the Second World War—Americans have been heading further from the urban core, seeking affordable and safe communities with good schools, parks, and a generally more tranquil lifestyle. read more »
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Domestic Migration 2010-2020: Flocking to Affordability
Some metropolitan areas continue to have higher costs of living relative to the national average. The most important component is the extent to which higher housing costs contribute to these differences. Our Urban Reform Institute Standard of Living Index showed that more than 85% of the difference between costs in the more expensive metropolitan areas and the nation was attributable to housing (Figure 1). read more »
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