What City Observatory did this week 1. Gerontopoly:Â Is homeownership a sure route to building wealth? It has been in the US, but increasingly, its only working for older generations. Homeowners 55 and older now
The Week Observed, April 27, 2018 Read Post »
Zillow’s data tracking prices of tens of millions of US homes adds further confirmation to the Dow of Cities For some time, we’ve been talking about the Dow of Cities:Â the notion that the price
Dow of Cities: Big data on the urban price premium Read Post »
Tax changes cut the Mortgage Interest Deduction sharply–but not for the rich The 1.2 percent of households with incomes over $500,000 get 20 times as much tax relief from the mortgage interest deduction as the
The Mortgage Interest Deduction: Smaller, but even more unfair Read Post »
Is the “dream” of homeownership really just a massive, intergenerational wealth transfer? Recently, that’s just how it has worked out. The takeaways: Homeownership is a gerontopoly. Most housing wealth is held by older Americans. Inequality
Gerontopoly: Homeownership, wealth, and age Read Post »
There’s no critique more cutting than saying that development is turning an urban neighborhood into a theme park. The irony of course, is that cities like Dubrovnik and Venice represent a profoundly obsolete, pre-industrial
City as theme park Read Post »
If you’re serious about dealing with climate change, the last thing you should do is spend billions widening freeways. April 22 is Earth Day, and to celebrate, Oregon is moving forward with plans to drop
Happy Earth Day, Oregon! Let’s Widen Some Freeways! Read Post »
