Richard Florida writes that Canadians great love for homebuying (with a greater home ownership rate than even the U.S.) could be economically instable.
While Florida agrees that homeowners are good for communities, the tying up of all those Canadian dollars in homes means a lack of investment in other markets.
He writes, "A study by the Federal Reserve Bank of Dallas in 1998, well before the boom and bust, found the U.S. had over-invested in housing relative to other forms of capital since 1929. It has drained off capital from productivity improvement, innovation, medical technology, software or alternative energy: sectors that could drive growth well into the future.
Here as well, housing sucks up a huge share of national capital that should go to support innovation and new industries."
FULL STORY: Housebound: why owning a home can be bad for Canada
HUD Cuts Could Derail Mortgage Underwriting Agency
Staffing cuts at the Federal Housing Administration could imperil affordable housing projects and mortgage programs for new homeowners.
Half of Altadena’s Black Homes Lost or Damaged in Eaton Fire
The community has higher Black homeownership rates than most of Los Angeles, but now faces an uncertain future as residents struggle to rebuild.
Mobile Home Prices Rising Sharply
Manufactured housing offers an affordable housing option for many Americans, but mobile homes — and land rents — are going up in cost.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
The Five Most-Changed American Cities
A ranking of population change, home values, and jobs highlights the nation’s most dynamic and most stagnant regions.
San Diego Adopts First Mobility Master Plan
The plan provides a comprehensive framework for making San Diego’s transportation network more multimodal, accessible, and sustainable.
Housing, Supportive Service Providers Brace for Federal Cuts
Organizations that provide housing assistance are tightening their purse strings and making plans for maintaining operations if federal funding dries up.
Op-Ed: Why an Effective Passenger Rail Network Needs Government Involvement
An outdated rail network that privileges freight won’t be fixed by privatizing Amtrak.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
New York City School Construction Authority
Village of Glen Ellyn
Central Transportation Planning Staff/Boston Region MPO
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions