Predicting a Comeback for Cities Michael Lewyn James Brasuell James Brasuell Devin Partida
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An argument for the long-term cultural and economic viability of the city, even after the pandemic. April 4, 2021, 11am PDT | James Brasuell |
Highly productive workers and industries will continue to cluster in cities, and remote work can only go so far in reshaping the global economy, according to one leading economics researcher.
Remote work is overrated America s supercities are coming back vox.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vox.com Daily Mail and Mail on Sunday newspapers.
Covid-19 plunged the United States into a recession, leaving millions of Americans out of work and hungry. In the middle of this crisis, the housing market boomed.
Between September 2019 and September 2020, homeowners accumulated a collective $1 trillion in additional home equity. The exploding demand of the past year, in conjunction with a historically low supply of housing, has led buyers to desperately bid up the prices of available properties, sending home prices soaring.
The boom has been welcome news for homeowners (about 65 percent of American households are owner-occupied), but it’s troubling for the growing number of Americans who are being shut out of the housing market altogether.