How the current housing boom ends could decide the course of the entire world economy over the next few years.
According to The Economist, "the global housing boom is the biggest financial bubble in history.... In many countries around the globe, house prices are already at record levels in relation to rents and incomes." Many people contend that houses are fundamentally different from stocks and hence are less vulnerable to a rapid meltdown, but there are troubling similarities between the house-price boom and the dotcom bubble. "The recent surge in house prices has gone hand-in-hand with a much larger jump in household debt [and] as a result of such borrowing, housing booms tend to be more dangerous than stockmarket bubbles, and are often followed by periods of prolonged economic weakness."
Thanks to Zvi Leve
FULL STORY: After the fall

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Map: Where Senate Republicans Want to Sell Your Public Lands
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Platform Pilsner: Vancouver Transit Agency Releases... a Beer?
TransLink will receive a portion of every sale of the four-pack.

Toronto Weighs Cheaper Transit, Parking Hikes for Major Events
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Berlin to Consider Car-Free Zone Larger Than Manhattan
The area bound by the 22-mile Ringbahn would still allow 12 uses of a private automobile per year per person, and several other exemptions.
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