When the public sector leads, vacant space becomes an embarrassment instead of an immediate fiscal crisis. The human need to fill the space, at whatever cost, is not conducive to good decision-making. Worst of all, putting all the public improvements into a finished state before any private investment has occurred merely ensures that the city will

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The median home price in the U.S. is six times the median annual income3—fifty years ago it was two times—and the share of first-time buyers4 is barely half the historical average and the lowest on record. Medical debt is the leading cause5 of consumer bankruptcy; half of American adults would not be able to cover a $500 medical bill without taking

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Ever since I started working on this article, a chart has been haunting me. It plots the percentage of people living alone in a country against that nation’s GDP. There’s a strong correlation. Nations where a fifth of the people live alone, like Denmark and Finland, are a lot richer than nations where almost no one lives alone, like the ones in Lat... See more

The next recession will lead to more co-living. (EDIT: Unless the next recession is caused by a pandemic 🥴)