Newgeography.com - Economic, demographic, and political commentary about places

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 »

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 »

The hydrocarbon processing industry, i.e., refineries, has a rich history of discovery, challenges, breakthroughs, trial and error, collaboration, and success.  read more »

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 »

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 »

The record meltdown of Meta stock earlier this month suggests turbulence in the tech world and a difficult period ahead for the company formerly known as Facebook. But even as Meta’s stock has fallen, the record profits being posted by fellow oligarchical tech firms Google, Microsoft, Apple, and Amazon indicates that Silicon Valley’s hegemony is far from over.  read more »

It’s always been in the background of the nation’s ongoing transition to electric transportation, but now a significant reality has been brought to the forefront by some data-crunching journalists: There’s a strong regional divide in our willingness to adopt EVs.  read more »

The current crises in eastern Europe reflect more than just Kremlin mischief-making—they reflect the first fruits of an emerging world order that spans the vastness from Beijing to Berlin. Unlike the longstanding liberal status quo, with its roots in classical civilization and the Enlightenment, this emerging alternative draws upon a mélange of German geopolitics, the legacy of Chinese emperors, the Mongols, and Orthodox Russian autocracy.  read more »

Cities which rise up as centers of prosperity and opportunity are places that ensure an emphasis on learning and innovation, a culture of openness to newcomers and unorthodox ideas, a favorable environment for commerce, a relatively good quality of life for residents, and a strong sense of shared community. The geography of opportunity is always evolving, as some cities emerge as centers of opportunity while others decline, with enormous consequences for people, places, and, indeed, civilizations.  read more »

Canada has released early results of the 2021 Census, with a detailed analysis of growth in Census Metropolitan Areas (CMAs). Among the 41 metropolitan areas, 77% of the population growth between the 2016 and 2021 censuses was in the suburbs, with 23% in the urban core (Figure 1). The suburbs have 78.5% of the total CMA population, with 21.5% in the urban core (Figure 2)  read more »