Why Tokyo is the land of rising home construction but not prices - "The city had more housing starts in 2014 than the whole of England. Can Japan's capital offer lessons to other world cities?" (via) [more inside]
Kim-Mai Cutler: Nothing Like This Has Ever Happened Before - "San Francisco Bay Area poverty rates in all nine counties have increased in the last economic cycle, even with the Facebook and Twitter IPOs and private tech boom. The main transfer mechanism is land and housing costs, as rising rents and evictions push service and other low-wage workers to the brink. [Henry] George's solution was a single land tax that would replace all other government revenue sources. If an owner wanted to develop their property to make it more useful or productive, George argued that they should have the right to keep the value from those efforts. But increases in the value of underlying land were created by — and ultimately belonged to — the public at large." (previously: 1,2,3) [more inside]
In a five-part series, the San Francisco Chronicle’s Carolyn Said examines Airbnb’s impact in San Francisco. (Previously) [more inside]
They Say Art Is Dead in New York. They're Wrong. – Alan Feuer, NYT (December 2014):
Somehow, in the last few years, it has become an article of faith that New York has lost its artistic spirit, that the city's long run as a capital of culture is over. After all (or so the argument goes), foreign oligarchs and hedge-fund traders have bought up all the real estate, chased away the artists and turned the bohemia that once ran east from Chumley's clear across the Williamsburg Bridge into a soulless playground of money.
Last year, the foremost proponent of this doomsday theory was the rock star David Byrne, who complained in The Guardian that artists, as a species, had been priced out of New York. This year, others joined him. The novelist Zadie Smith lamented in October, in The New York Review of Books, that the city's avant-garde had all but disappeared. The musician Moby wrote a comparable essay in February, describing how creative types are fleeing New York and referring to his former home, accurately but narrowly, as "the city of money." Just a couple of weeks ago, Robert Elmes, the founder of the Galápagos Art Space in Brooklyn, declared the indigenous "creative ecosystem" was in crisis — so, naturally, he was moving to Detroit.
Hobby Lobby, a craft store with 525 U.S. locations, has announced that it will defy a federal mandate to provide health coverage for all employees that includes emergency contraceptive coverage, and will pay a fine of $1.3 million every day. [more inside]
Back in 1999, Wandering Earl left home for a three month trip to Asia that still hasn't ended. As a permanent nomad, Earl's aim is to demonstrate that long-term travel is not a crazy fantasy, but a very real lifestyle option instead. Find out where Earl is now, and where he's been on his blog. [more inside]
Lustron House "We were revolutionizing a whole industry," said Richard Jones, former Lustron vice president of sales. "We were saying with our house: 'You put down a hammer and a saw and pick up a wrench.'" Though radical in its use of porcelain enameled steel, the Lustron house — a one-story, gabled-roof ranch with a bay window and side porch — looked much like other postwar-era dwellings. Behind its traditional façade, however, lay the hopes and expectations for a new era in American housing.