31 May

High speed rail could spark a real estate boom in second tier cities

Interesting research:

“New high-speed rail lines are credited with sparking a real estate and housing boom, among other economic benefits, in smaller cities in China. Now experts are debating whether rail modernization can have the same effects in the U.S.
A study by researchers at the University of California-Los Angeles and China’s Tsinghua University found that by connecting ‘second tier’ cities to global hubs, more people move to the smaller cities where housing costs are lower, creating a real-estate boom, among other unplanned benefits.”

(Via Researchers say high-speed rail could fuel U.S. real-estate, economic booms | Trains For America.)

26 Apr

Trailer parks and boomers

Interesting:

“Baby boomers aren’t going to retire the way their parents did. They are poorer and more likely to live alone. They can’t depend on pensions, and the real-estate bubble destroyed almost 50 percent of their wealth. Today one in six seniors lives in poverty, and that proportion is rising; the generation of Americans now facing retirement is so financially ill prepared that half of them have less than $10,000 in the bank. The coming swell of retirees will strain our current system to its limits—in terms of not only health care, but also incidental things like road signs, which are hard for drivers over 65 to read in a majority of American cities and towns.”

(Via How the Trailer Park Could Save Us All –.)