OUCH! The truth hurts.
Robert Shiller of Yale University documents that from "1890 to 1990, the rate of return on residential real estate was just about zero after inflation." Other studies have shown how America’s historic over-investment in housing has distorted its economy, leading to under-investment in technology and skills. Or as Nobel prize-winning Columbia University economist Edmund Phelps bluntly states it: "To recover and grow again, America needs to get over its 'house passion.'"
This article made it to the top 5 simply because of the quote below. Think of how many worthless buildings we have dotting the landscape that were not beautiful when they were constructed and are decaying now with little hope of ever becoming commercially viable again. Some of the solutions to the conundrum that the post recommends are Form-Based Codes, Updating Infrastructure Standards and ceding more control to localities.
I hope that you of San Diego, whose city is just entering on its great period of development, will recognize what so many old communities have failed to recognize. That beauty is not only well worthwhile for its own sake, but that it is valuable commercially. Keep your waterfront and develop it so that it may add to the beauty of your city. Do not let a number of private individuals. . . make it hideous with buildings, and then force your children to pay them an exorbitant sum to get rid of the ugliness they have created. - Teddy Roosevelt
I can’t tell you how much I loathe the conversation going on about the transportation tax right now. The opening paragraph of this article sums up my thoughts pretty nicely below... no ned to say more (but I will in this month’s Roswell Current).
Bickering over the number of lanes on a road project. Debating whether the Atlanta Beltline will reduce a Cherokee County soccer mom's commute time. Or, for that matter, if a Sugarloaf Parkway expansion will help a Little Five Points barista have better access to transit.
It’s no secret that we like walkability and bikability at NUR. We recognize that not all areas are walkable and bikable and accept that they never will be. Cars are necessary tools just like a hammer and chainsaw but I generally don’t use a hammer or a chainsaw for every task that I do. That being said, our national legislature continues to pursue a ‘cars only’ agenda.. the four bullets below is all you need to know from this Sierra Club post.
- Nationwide, biking and walking account for almost 12% of all trips, yet biking and walking infrastructure receives less than 2% of all federal transportation funding.
- But as Senate and House negotiators enter the final three weeks of negotiations over a transportation bill, House Republicans are demanding that the Senate drop provisions that will make biking and walking safer across the country
- One particularly egregious demand from House Republican negotiators is that the Senate eliminate the Safe Routes to School program.
- 83% of Americans support maintaining or increasing funding for biking and walking, including 80% of Republicans.
I agree with most of the buildings on this list.. most notably the Boston City Hall. Yikes! So, what buildings in Roswell need to be “Demolished Right Now?” I’d have to say the AT&T building on Oak Street is on the list. How about the entire south east quadrant of the HBR/400 interchange?