In today’s edition of The Heartland Daily Podcast, Randal O’Toole, economic analyst at the Cato Institute, joins Host H. Sterling Burnett to talk about how the incentive structure facing public lands managers has resulted in mismanagement and the armed conflicts we saw in Nevada and Oregon.
There is an emerging consensus about the destructiveness of excessive land use regulation, both with respect to its impact on housing affordability but also its overall impacts on economies. This is most evident in a recent New Zealand commentary.
After three decades of breakneck urban growth, there are indications of a significant slowdown in the largest cities of China. This is indicated by a review of 2014 population estimates in the annual statistical reports filed individually by municipalities with the National Bureau of Statistics.
There is a growing body of research on the consequences of excessive land use regulation. The connection between excessive land use regulation and losses in housing affordability, has been linked to the doubling or tripling of house prices relative to incomes in places as diverse as Hong Kong, the United States, Canada, Australia, New Zealand and the United Kingdom.
A fundamental function of domestic policy is to facilitate better standards of living and minimize poverty. Yet favored urban planning policies, called “urban containment” or “smart growth,” have been shown to drive the price of housing up, significantly reducing discretionary incomes, which necessarily reduces the standard of living and increases poverty.
Few terms are more misunderstood than “urban sprawl.” Generally, it refers to the spatial expansion (dispersion) of cities and has been use to describe urbanization from the most dense (least sprawling) in the world (Dhaka, Bangladesh), the most dense in the United States (Los Angeles) and also the least dense in the world (such as Atlanta and Charlotte, low density world champions in their population categories).
America’s cities (metropolitan areas) changed radically since the dawn of World War II. At that point, cities were dominated by their core municipalities (central cities), around which people traveled much greater percentages by transit and lived in much higher densities. Automobile oriented suburbanization had increased rapidly in the 1920s, but was slowed by the economic upheavals of the 1930s.
In this edition of The Heartland Daily Podcast, managing editor of environment and climate news H. Sterling Burnett talks with John Charles. Charles is the president and CEO of Oregon’s preeminent free-market public policy institute, the Cascade Policy Institute.
The just released 11th Annual Demographia International Housing Affordability Survey shows the least affordable major housing markets to be internationally to be Hong Kong, Vancouver, Sydney, along with San Francisco and San Jose in the United States.
The urban cores of the nation’s 52 major metropolitan areas (over 1 million population) lost nearly one-fifth of their school age population between 2000 and 2010. This is according an analysis of small area age group data for children aged 5 to 14 from Census Bureau data, using the City Sector Model.
Tianjin is located on Bohai Gulf, approximately 75 miles (120 kilometers) from Beijing. It was the imperial port of China, by virtue of that proximity. Tianjin also served as one of the most important “treaty ports” occupied and/or controlled by western nations and Japan for various years before 1950.
Finally, there is credible housing affordability data from China. For years, analysts have produced “back of the envelope” anecdotal calculations that have been often as inconsistent as they have been wrong. The Economist has compiled an index of housing affordability in 40 cities, which uses an “average multiple” (average house price divided by average household income) (China Index of Housing Affordability). This is in contrast to the “median multiple,” which is the median house price divided by the median household income (used in the Demographia International Housing Affordability Survey and other affordability indexes). The Demographia Survey rates affordability in 9 geographies, including Hong Kong (a special administrative region of China). The average multiple for a metropolitan market is generally similar to the median multiple.
Senior citizens (age 65 and over) are dispersing throughout major metropolitan areas, and specifically away from the urban cores. This is the opposite of the trend suggested by some planners and media sources who claim than seniors are moving to the urban cores.
The doubtful claim that low density US cities impose a cost to the economy of $400 billion is countered by their being the most affluent in the world. Nine of the top 10 cities in GDP per capita are in the US and more than 70% of the top 50. The highest GDP per capita city in the world is one of the least compact, Hartford, with an urban population density among the bottom 10 out of more the than 900 urban areas larger than 500,000 (See here and here).
Cities have been pivotal role to improved living standards, because of the opportunities they facilitate. This is particularly evident over the past two centuries, as world urbanization has risen from 3 percent to over 50 percent, and to more than 80 percent in the United States.
There have been frequent press reports that baby boomers, those born between 1945 and 1964, are abandoning the suburbs and moving “back” to the urban cores (actually most suburban residents did not move from urban cores). Virtually without exception such stories are based on anecdotes, often gathered by reporters stationed in Manhattan, downtown San Francisco or Washington or elsewhere in urban cores around the nation. Clearly, the anecdotes about boomers who move to suburbs, exurbs, or to outside major metropolitan areas are not readily accessible (and perhaps not as interesting) to the downtown media.
The term “Greater New York” was applied, unofficially, to the 1898 consolidation that produced the present city of New York, which brought together the present five boroughs (counties). When consolidated, much of the city of New York was agricultural. As time went on, the term “Greater” came to apply to virtually any large city and its environs, not just New York. By 2010, Greater New York had expanded to somewhere between 19 million and 23 million residents, depending on the definition.