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Southern California Housing Figures to Get Tighter, Pricier

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Appearing in:

Orange County Register

What kind of urban future is in the offing for Southern California? Well, if you look at both what planners want and current market trends, here’s the best forecast: congested, with higher prices and an ever more degraded quality of life. As the acerbic author of the “Dr. Housing Bubble” blog puts it, we are looking at becoming “los sardines” with a future marked by both relentless cramming and out-of-sight prices.

This can be seen in the recent surge of housing prices, particularly in the areas of the region dominated by single-family homes. You can get a house in San Francisco – a shack, really – for what it costs to buy a mansion outside Houston, or even a nice home in Irvine or Villa Park. Choice single-family locations like Irvine, Manhattan Beach and Santa Monica have also experienced soaring prices.

Market forces – overseas investment, a strong buyer preference for single-family homes and a limited number of well-performing school districts – are part of, but hardly all, the story. More important may be the increasingly heavy hand of California’s planning regime, which favors ever-denser development at the expense of single-family housing in the state’s interior.

Read the entire piece at The Orange County Register.

California Should Make Regular People More of a Priority

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Appearing in:

Orange County Register

California in 1970 was the American Dream writ large. Its economy was diversified, from aerospace and tech to agriculture, construction and manufacturing, and allowed for millions to achieve a level of prosperity and well-being rarely seen in the world.

Forty-five years later, California still is a land of dreams, but, increasingly, for a smaller group in the society. Silicon Valley, notes a recent Forbes article, is particularly productive in making billionaires’ lists and minting megafortunes faster than anywhere in the country. California’s billionaires, for the most part, epitomize American mythology – largely self-made, young and more than a little arrogant. Many older Californians, those who have held onto their houses, are mining gold of their own, as an ever-more environmentally stringent and density-mad planning regime turns even modest homes into million-dollar-plus properties.

What about California society as a whole? The Chapman University Center for Demographics and Policy released a report this month, by attorneys David Friedman and Jennifer Hernandez, on “California’s social priorities.” It painstakingly lays out our trajectory over the past 40 years. For the most part, it’s not a pretty picture and – to use the most overused word in the planning prayer book – far from sustainable from a societal point of view.

Read the full article at The Orange County Register.

Who Is Leaving Los Angeles Because of Housing Prices?

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By: Which Way, LA?
In: KCRW Radio

Joel recently participated in a panel discussion on LA’s KCRW radio. The episode was titled, “Who Is Leaving Los Angeles Because of Housing Prices?”. More from KCRW:

The median price of a home in the LA Metro area is around a half million dollars. Housing prices and rental rates are going through the roof in LA and Orange Counties. They’re so high that fewer and fewer people can afford to live where they want to. So, more and more of them are moving away. What’s the breaking point? What do you have to make to afford to stay here? KCRW talked with former Angelenos now located in Austin, Kansas City and Baltimore.

Click the Play button below to listen. (mp3 audio file)

Misunderstanding the Millennials

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Appearing in:

Orange County Register

The millennial generation has had much to endure – a still-poor job market, high housing prices and a generally sour political atmosphere. But perhaps the final indignity has been the tendency for millennials Read more

Go East, Young Southern California Workers

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Appearing in:

Orange County Register

Do the middle class and working class have a future in the Southland? If they do, that future will be largely determined in the Inland Empire, the one corner of Southern California that seems able to accommodate large-scale growth in population and jobs. If Southern California’s economy is going to grow, it will need a strong Inland Empire.

The calculation starts with the basics of the labor market. Simply put, Los Angeles and Orange counties mostly have become too expensive for many middle-skilled workers. The Riverside-San Bernardino area has emerged as a key labor supplier to the coastal counties, with upward of 15 percent to 25 percent of workers commuting to the coastal counties. Read more

The U.S. Cities Where Hispanics Are Doing The Best Economically

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Appearing in:

Forbes

Since 1980, the percentage of Americans who claim Hispanic heritage has grown from 6% to 17%. By 2040, Latinos will constitute roughly 24% of the population.

Many Democrats no doubt see President Obama’s executive actions on immigration as a step not only to address legitimate human needs, but their own political future. But perhaps a more important question is how these new Americans will fare economically. Read more

Don’t Boost Cities by Bashing the ‘Burbs

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Appearing in:

Orange County Register

There is nothing like a trip to Washington, D.C., to show how out of touch America’s ruling classes have become. I was in the nation’s capital to appear on a panel for a Politico event that – well after I agreed to come – was titled “Booming Cities, Busting Suburbs.”

The notion of cities rising from the rotting carcass of suburbia is widely accepted today by much of our corporate, academic and media leadership. This notion has been repeatedly embraced as well by the Obama administration, whose own former secretary of Housing and Urban Development declared several years back that the suburbs were dying, and people were “moving back to the central cities.”

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The Rustbelt Roars Back From the Dead

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Appearing in:

The Daily Beast

Urban America is often portrayed as a tale of two kinds of places, those that “have it” and those who do not. For the most part, the cities of the Midwest—with the exception of Chicago and Minneapolis—have been consigned to the second, and inferior, class. Cleveland, Buffalo, Detroit or a host of smaller cities are rarely assessed, except as objects of pity whose only hope is to find a way, through new urbanist alchemy, to mimic the urban patterns of “superstar cities” like New York, San Francisco, Boston, or Portland.

Yet in reality, the rustbelt could well be on the verge of a major resurgence, one that should be welcomed not only locally but by the rest of the country. Two factors drive this change. Read more

The Curious Comeback Of U.S. Downtowns

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Appearing in:

Forbes

Perhaps nothing better illustrates the notion of urban revival in America than the comeback of many downtown districts. Yet if these areas have recovered some of their vigor, they are doing so in a manner that hardly suggests a return to their glory days in the first half of the 20th Century.

Instead what’s emerging is a very different conceptualization of downtown, as a residential alternative that appeals to the young and childless couples, and that is not so much a dominant economic hub, but one of numerous poles in the metropolitan archipelago, usually with an outsized presence of financial institutions, government offices and business service firms.

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Southern California Stuck in Drive

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Appearing in:

Orange County Register

Southern California has long been a nurturer of dreams that, while widely anticipated, often are never quite achieved. One particularly strong fantasy involves Los Angeles abandoning what one enthusiast calls its “car habit” and converting into an ever-denser, transit-oriented region.

An analysis of transit ridership, however, shows that the region is essentially no better off than when the the modern period of transit funding began in 1980, with the passage of Proposition A, which authorized a half-cent sales tax for transit. In 1980, approximately 5.9 percent of workers in the metropolitan area (Los Angeles and Orange counties) used transit for their commute. The latest data, for 2013, indicates the ridership figure has fallen to 5.8 percent. Read more