Tag Archives: economic conditions

(1005) Housing picture

red houseNobody seems to be an expert when it comes to calling the relative burstiness of Canada’s housing bubble.  And what a bubble it’s been!  Pretty much all of us can agree, however, that the bubble has a harmful side now.  The cost of acquiring and carrying real estate departed the company of Canadian wages a generation ago in Toronto and Vancouver.  Rents have been forced up by the bubble, reinforcing the generalized prejudice of not owning what you live in. Overseas investors are amping up prices and eating supply.  What is to be done?  Some of us remain partial to real estate as a money machine and others are fed up with a machine that seems to exclude them.
Canada’s economy is hostage to the housing bubble. The debate over B.C.’s new tax on foreign buyers exposes how badly the Canadian economy needs ridiculously unsustainable house prices to keep rising
macleans.ca
Jean Swanson: Vancouver’s focus on home ownership neglects plight of the homeless
rabble.ca
Intensification nation. Canadian cities, big and small, are working to densify themselves. It’s far from a straightforward path
corporateknights.com

image: Bill Ward via Flickr/CC

(946) Somebody at least look their way

USA flagA strong piece in The Guardian asks readers to consider an  underassessed socio-economic group.  Please recommend this one to others trying to understand Donald Trump and the politics of decline and social disaster in the United States.  Millions have fallen from a racial/class group that was once a staple presence in American politics into the kind of social difficulty known by millions of African Americans.
Canadians, you may include this on a reading list, one that aims to help you understand Ford Nation (and you maybe best get moving on that shit, folks).
Mocked and forgotten. Who will speak for the American white working class?

image: Andrew via Flickr/CC

(939) Quiet populated decay

Cape Coral FL” …it wouldn’t take much to send a place like this over the edge.”

Cul-de-sac entropy.  Just as places like greater Toronto boom onward many other places in North America seem to have just built themselves straight into that entropy.  Wishes made real and intentions revealed empty at the very same time in Southwest Florida.
Suburban poverty: hiding in plain sight
strongtowns.org

See also: (441) Zombie subdivisions