Archive for October, 2009

Mulling a Long-Term Drop In Homeownership Rate

October 20, 2009

American Banker – October 8, 2009 Thursday

BYLINE: Harry Terris

If Arthur C. Nelson is right, the homeownership rate is headed for a seismic shift that will reduce it to levels not seen in a generation. That may be just as well in his view – and those of other experts who are likely to help shape the debate over housing policy. For Nelson, the director of the Metropolitan Research Center at the University of Utah, the devastation of foreclosures and demographic changes mean it is time to rethink the primacy of homeownership in housing policy. “We’ve pushed people into owning homes, and now we find out that some millions of them shouldn’t have purchased homes,” he said. “They’re going to be worse off for the next five to 10 years because their credit records are now blemished beyond repair.”

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Final and Absolute Conclusion – Traffic Congestion is Caused by Land Use

October 20, 2009

TRB Special Report 298

Two reports were published during the past two months that provided the final and absolute documentation necessary for all planners, developers, traffic engineers and elected official to agree – automobile traffic is caused by land use. Many of us will be unimpressed with this finding, coming on top of years of reports and studies, as well as our own professional judgment. But now, the Transportation Research Board (TRB) has published a new Special Report 298 titled “Driving and the Built Environment – The Effects of Compact Development on Motorized Travel, Energy Use and CO2 Emissions.”

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