Pennsylvania: Where the Collar Counties Are the Big Dogs

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Pennsylvania, as with most states, can be analyzed politically by looking at a few key counties and how they break in a political campaign.

Historically, the four collar counties of Philadelphia broke heavily Republican and neutralized the advantage Democrats had coming out of Philadelphia. Over the past decade this trend has reversed itself --- and with it the political balance in the state.  read more »

Suburbs will decide the election

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By Joel Kotkin and Mark Schill

Suburbs may not have cooked up the mortgage crisis, but they absorbed much of initial damage. Now that Wall Street and the big cities are also taking the fall, suburbanites might feel a bit better — but there’s still lots of room for anger out in the land of picket fences, decent schools and shopping malls.  read more »

How Low Can House Prices Go?

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There is much speculation among economists and others about how close we are to the bottom of the collapse of housing prices. This is, of course, an important question, and goes to the heart of the wisdom or folly of the proposed $700 billion government bailout of financial markets, which is a consequence of their own profligate lending practices.  read more »

How to Protect Main Street While Saving Wall Street

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The current discussion in Washington can either lead to a rapid processing and recovery at the local level or a long drawn out destruction of local economies. This is particularly true of regions – Las Vegas, Phoenix, San Bernardino-Riverside, much of Florida – that have been hardest hit by the foreclosure crisis.  read more »

The College Town Is Obsolete

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The college town occupies a special place in the American consciousness. Small, leafy, brimming with intellectual activity, preparing tomorrow’s leaders – if we haven’t spent years, dropped off kids, or attended a football game in a college town, we have at least passed through one.  read more »

Subjects:

Rx for ‘Residential Renaissance:’ Take Two Years and Ease Up on the Hype

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A big going-out-of-business sign on the Rite-Aid store at 7th and Los Angeles streets tells a bigger tale—a story I’ll call “Hype Happens.”

The Rite-Aid opened a few years ago with fanfare, arriving at just about the high-point of the hype over the “Residential Renaissance” of Downtown. Rite-Aid set up shop in the Santee Village project, an ambitious effort that saw a developer get plenty of help from various government agencies in order to convert a collection of mid-rise buildings from garment shops to residential lofts.  read more »

Boomers Go Back to College? - A Letter from Pennsylvania

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The “boomers” is a generation born between 1946 and 1964. They gave us the youth culture, hippies, Woodstock, peace movement, women’s liberation, computers, flexible work environments, consumer electronics and consumption on the grand scale to mention only a few.

Boomers have enjoyed a wonderful economy in the main that has enabled them to build wealth and live middle class lifestyles. They stay fit. They eat healthy foods. They look young compared to people of previous generations at their age.  read more »

Back to Basics: The Financial Crisis Requires a Paradigm Shift

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It’s tempting to look at the current financial meltdown – and the proposed bailout – with a Bolshevik mentality. Let’s line up the investment bankers, hedge fund managers up against a wall and spray them with an odorous substance.
If it were only so easy. Rescuing Wall Street may not solve many problems but letting the investor class implode won’t help many people either.  read more »

Creating an Authentic Place: Tales from Two Southern California Cities

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What makes a place “authentic”? In places we cherish, we look for something unique and tangible. But personal experience of a place is not merely a product of the landscape and “built environment.” It is also shaped by myths and perceptions.

As City Manager of two California towns, I’ve grappled with the treacherous crosscurrents of reality and myth, of change and preservation.  read more »

The Smart Growth Bailout?

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One way to see the federal rescue of the home mortgage market is to call it “the smart growth bailout.” True, the proximate cause lay with profligate lending practices. The flood of mortgage money covered the entire country, irrespective of state, regional or local land use regulations. That’s where the similarity stopped.  read more »