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."
The Top Urban Planning Books of 2022
An annual list of the must-read books related to urban planning and its intersecting fields.
European Cities Act on Density
The sprawling mass of suburbia has been a disaster for the environment. But now smaller, denser cities herald a renaissance in city living.
Nashville Sets Downtown Parking Maximums
Nashville is the latest city to enact a substantive change to the parking requirements set by the city’s zoning code—doing away with parking minimums and setting parking maximums in the city’s Urban Zoning Overlay.
Advice for a Post-Parking Mandate World
After abolishing parking requirements, what can cities do to make the most of new space and revenue and avoid backlash?
Western Voters: Yes to Conservation, No to Extremism
Voters in Western states generally favored candidates who support public land conservation in this November’s election and rejected extremist rhetoric.
Detailing the Boring Company’s Poor Track Record
Elon Musk’s promised solution for congestion—the Boring Co.—has proven most successful at disappearing on the governments that trusted them.
Chaddick Institute at DePaul University
HUD's Office of Policy Development and Research
California High-Speed Rail Authority (Authority)
Missoula Redevelopment Agency
City of Joliet
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.