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House prices: Cleveland and Wellington

19/03/2018

Much of our housing issue stems from regulatory issues, coupled with lack of competition in building supplies

croaking cassandra

A few months I signed up to get the e-mail newsletters of US analyst Aaron Renn.

Aaron M. Renn is a senior fellow at the Manhattan Institute, a contributing editor of City Journal, and an economic development columnist for Governing magazine. He focuses on ways to help America’s cities thrive in an ever more complex, competitive, globalized, and diverse twenty-first century.

There is an interesting mix of material on urban issues.   But this morning, one newsletter in particular caught my eye.  The title was a warning: “Sprawl in its Purest Form, Cleveland edition”.    The article began this way.

…..the image below contrast[s] the amount of urbanized land in Cleveland’s Cuyahoga County in 1948 vs. 2002. The county population was identical in both years: 1.39 million.

And the piece goes on to lament how costly the spread of suburbia is, concluding that

As a rough heuristic, development…

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