Trump was the first US president from New York City since Teddy Roosevelt, but he was never a hometown hero. City residents celebrated after Biden’s win and again after Trump’s conviction.
Real estate prices are still related to a neighborhood’s racial composition, despite laws prohibiting the explicit consideration of race in appraisals.
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New research shows homes in white areas have appreciated $200,000 more since 1980 than similar homes in nonwhite areas – a result of both old racist housing policies and modern real estate practices.
In some quarters, the median Sydney home earns more from capital gains than the median worker earns from wages. Now’s a good time to wind back the measures that push prices up.
At the moment, buying a house with a “history” falls under the “buyer beware” provision. But changes to Victorian law shift the onus to estate agents to disclose “stigmatised” property.
Millions of Australians are struggling with unaffordable housing. It’s a systemic problem that’s been decades in the making, and only concerted system-wide reforms will fix it.
Over the last 35 years, the number of Americans who have moved has steadily declined to nearly half of their previous levels.
Independent bookstores are places where culture is collected and disseminated. The gentrification of city centres makes their existence increasingly precarious.
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The demands of gentrification in some neighbourhoods are proving deadly for some independent businesses, including local bookstores, often forcing them to close.
How likely is it that where you happen to live will always outperform every other location?
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Freedom of choice is a pillar of Western culture. But can too much of it be a bad thing?
New York has become a ‘city for the rich’ in recent decades, a shift in its real estate market that impacts policy-making, too.
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New York City’s municipal budget relies heavily on the property taxes of extremely high-value real estate. That drives gentrification and distorts local policy in other ways that hurt residents.
Mirvac Pavilions Olympic Park under construction. Build to rent won’t be a simple solution to fix housing affordability, but it can fulfil many other public policy objectives.