Monthly Archives: January 2013

The Evolving Urban Form: Rio de Janeiro

http://www.newgeography.com/content/003438-the-evolving-urban-form-rio-de-janeiro

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World’s Most Affluent Metropolitan Areas: 2012

http://www.newgeography.com/content/003420-worlds-most-affluent-metropolitan-areas-2012

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Demographia Housing Affordability Survey with Intro by NZ Deputy Prime Minister

http://www.newgeography.com/content/003413-demographic-and-economic-challenges-the-9th-annual-demographia-international-housing-affordability-survey

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9th Annual Demographia International Housing Affordability Survey

http://www.demographia.com/dhi.pdf

Hon. Bill English, Deputy Prime Minister of New Zealand writes in the Introduction that Land has been made artificially scarce by regulation that locks up land for development. This regulation has made land supply unresponsive to demand. When demand shocks occur, as they did in the mid-2000s in New Zealand and around the world, much of that shock translates to higher prices rather than more houses. This summarizes how urban containment policies ("smart growth" or "urban consolidation") raises house prices, reduces discretionary incomes and impedes the quality of life (while increasing poverty). The 9th Annual Survey chronicles the imperative for restoring housing affordability.

9th Annual Demographia International Housing Affordability Survey
HOUSING AFFORDABILITY: KEY TO ECONOMIC AND SOCIAL SUSTAINABILITY
337 Markets: Australia . Canada . China (Hong Kong) . Ireland . New Zealand . United Kingdom . United States

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Texas A Model State For Dynamic Job And Economic Growth

http://news.investors.com/ibd-editorials-perspective/011613-640886-people-moving-to-texas-where-housing-is-affordable.htm#ixzz2IEx9qMcj

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The Evolving Urban Form: Kuala Lumpur

http://www.newgeography.com/content/003395-the-evolving-urban-form-kuala-lumpur

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Gambling Taxpayer Money on a High-Speed Train to Vegas

http://blog.heritage.org/2013/01/14/gambling-taxpayer-money-on-a-high-speed-train-to-vegas/

While it would be inappropriate to risk taxpayer funds to support leisure travel in the best of times, it would go beyond the pale to provide funding while Congress and the President continue to (unsuccessfully) argue over what taxes to raise and what programs to cut. If the project were financially viable, it would be financed by the commercial financial sector. They have passed on the gamble. So should the federal government.

Wendell Cox is a visiting fellow at the Heritage Foundation. In a 2000 report, he predicted the eventual bankruptcy of the Las Vegas Monorail, which project promoters claimed would be able to repay $600 million of bonded debt. That report used similar analysis, and its accurate prediction of both bankruptcy and realistic ridership was predicated on overly optimistic revenue and ridership statistics, which were the basis of bond issues.

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http://blog.heritage.org/2013/01/14/gambling-taxpayer-money-on-a-high-speed-train-to-vegas/

http://blog.heritage.org/2013/01/14/gambling-taxpayer-money-on-a-high-speed-train-to-vegas/

While it would be inappropriate to risk taxpayer funds to support leisure travel in the best of times, it would go beyond the pale to provide funding while Congress and the President continue to (unsuccessfully) argue over what taxes to raise and what programs to cut. If the project were financially viable, it would be financed by the commercial financial sector. They have passed on the gamble. So should the federal government.

Wendell Cox is a visiting fellow at the Heritage Foundation. In a 2000 report, he predicted the eventual bankruptcy of the Las Vegas Monorail, which project promoters claimed would be able to repay $600 million of bonded debt. That report used similar analysis, and its accurate prediction of both bankruptcy and realistic ridership was predicated on overly optimistic revenue and ridership statistics, which were the basis of bond issues.

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Missing the Point on Seattle

July 13, 2011

By Michael Ennis 

I recently highlighted study from Wendell Cox that shows regional population growth is actually dispersing away from the urban center of Seattle.

Wendell says:

The dispersion of Seattle, like that of metropolitan regions around the nation and the world, has been going on for decades. The city of Seattle has accounted for only 5 percent of the metropolitan region’s population since 1950 with suburbs and exurbs accounting for the vast majority of the nearly 3,000,000 increase.

A liberal environmental group called Sightline took issue with some of Wendell’s findings. So I asked Wendell about this and here is his response:

Sightline Daily takes issue with our characterization of Bellevue as an “edge city,” noting it to be “25 miles from the edge of the metropolitan region” and “only 10 miles from downtown.” Sightline Daily is apparently unaware of the meaning of the term “edge city.” An “edge city” is a major employment center outside the central business district (downtown).  “Edge city” became a part of the language as a result of Joel Garreau’s 1991 book, Edge City: Life on the Urban Frontier. Garreau cited Bellevue in the book.

We provide an analysis from 1950 because that is the first census year in the modern suburbanization that resulted from the democratization of home and car ownership. Sightline Daily criticizes our Figure 2 as “difficult to fact-check.” That figure shows the city of Seattle having virtually flat-line growth from 1950 to 2010 compared to the metropolitan region. The data is easily available on the internet through Google searches.

Sightline Daily would have preferred that we categorize Tacoma and Everett as historical core municipalities, along with Seattle. They are not in the urban core, but are rather older, smaller municipalities that have been engulfed by the expansion of the metropolitan area. Nonetheless, the  Sightline Daily categorization (calling Tacoma and Everett core) would reduce core growth from 8.0 percent to 7.3 percent, and increase suburban growth from 14.1 percent to 15.2 percent. This would have made the case even more compelling.

Finally, Sightline Daily would like a “more sensible definition” of the metropolitan area. The Office of Management and Budget (OMB) is the official authority for designating and defining metropolitan areas and combined statistical areas. Our analysis uses their definitions.

The population dispersion evident in the Seattle area mirror the general trend in the overwhelming majority of urban areas, not only in the United States, but also Western Europe, the balance of the high-income world and many developing world urban areas.

I think the Sightline piece actually agrees with Wendell’s main point that population is growing faster in the suburbs, outside Seattle, but for some reason they dispute some of his definitions and then personally attack him (which is a typical response from liberal environmentalists). As you can see from Wendell’s comments, he knows what he is talking about.

Republished from an article by Michael Ennis

Washington Policy Center

http://www.washingtonpolicy.org/blog/post/wendell-cox-responds-environmental-group-population-dispersion-seattle

 

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Planes, Trains & Automobiles (& Buses) to Las Vegas

http://www.ocregister.com/opinion/train-382696-vegas-taxpayers.html

How adding a fast train 2/3s of the way to Las Vegas by speculating with taxpayers money is not only unnecessary, but inappropriate.

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