Developing Affordable Housing Ecosystems World Wide
By: David A. Smith
… is affordability?
Am I up when you’re down?
When the homeownership rate drops, what happens to apartment occupancy? As illustrated by this Wall Street Journal article, the answer depends on two factors:
1. Why homeownership rates are dropping
2. How long it has been since the homeownership drop began
Start with a fact.
Start with [...]
Yesterday we saw that Youngstown, Ohio, whose population now is half what it was forty years ago, has made an enormous break with its past.
More than 1,000 structures have been demolished so far.
It’s for the greater good
Choosing to cull wasn’t easy. First, Youngstown tried everything else:
For a while, Youngstown, with its population at just [...]
A town is a business that sells quality of life and competes with other towns to attract real estate tax payers. It spends its revenue on infrastructure that enhances quality of life and enables it to attract more workers and real estate tax payers. Some towns are so attractive, relative to their rural competition, that [...]
As urbanization remakes the global south, it’s also operating much closer to home, and though Americans are much better equipped to cope with them, the changes are no less profound.
As highlighted in this article from The Economist, America’s northern center – the Mississippi and Missouri drainage basins – is slowly or rapidly depopulating, except [...]
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