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Fixing retail with land value capture
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The veterans returning to America after the Second World War came home to a severe housing shortage. By one estimate, America had 5 million fewer homes than needed in 1945; in 1947 one third of veterans were still staying with relatives or in shared housing. To address the problem the federal government took steps to encourage construction and home
... See moreTom Standage • A Brief History of Motion: From the Wheel, to the Car, to What Comes Next
The ideal of home ownership was the fruit of a public-relations strategy crafted after World War II—corporate and government leaders alike believed that home owners would have more of a stake in an expanding economy and greater allegiance to free-market values than renters. Functionally, though, it led to a self-perpetuating cycle: The more that we
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