New cities on the edge of fantastically expensive regions aren’t particularly radical in the global context. What’s radical is the U.S. government’s disinterest in urban development.
Interesting to read the German approach. One systemic difference is that in the US we treat homes as investments. That's a big reason why Americans are so bothered by changes that could threaten their home values and by more housing supply in the market. In contrast, Germany's homeownership rate ranks among the lowest in the developed world.
Interesting to read the German approach. One systemic difference is that in the US we treat homes as investments. That's a big reason why Americans are so bothered by changes that could threaten their home values and by more housing supply in the market. In contrast, Germany's homeownership rate ranks among the lowest in the developed world.