{"id":1544,"date":"2010-04-25T18:15:42","date_gmt":"2010-04-25T22:15:42","guid":{"rendered":"http:\/\/www.alexblock.net\/?p=1544"},"modified":"2010-04-25T18:46:00","modified_gmt":"2010-04-25T22:46:00","slug":"weekend-reading","status":"publish","type":"post","link":"https:\/\/www.alexblock.net\/blog\/2010\/04\/25\/weekend-reading\/","title":{"rendered":"Weekend Reading"},"content":{"rendered":"
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CC image from sabeth718<\/p><\/div>\n

There’s a whole host of good stuff out there this weekend, covering the economy, smart growth, transit, high speed rail, and more:<\/p>\n

Smart growth is nothing to fear:<\/strong> Roger Lewis aims to quiet the fears<\/a> of Washington Post readers:<\/p>\n

In fact, as new long-range plans are implemented in the coming decades, your property’s value will probably go up, your way of life and neighborhood character will be enhanced, and traffic congestion will not worsen. Indeed, it may ease. Also remember that such plans primarily serve future generations.<\/p>\n

Optimism is justified. Stable, low-density residential neighborhoods and subdivisions will remain untouched. Transportation network plans do not depend on routing future traffic through subdivisions and local residential streets, many of which are loops and cul-de-sacs. And redeveloped areas actually will provide new, desirable conveniences for residents able to walk or bike to buy a quart of milk or sip coffee in a cafe.<\/p><\/blockquote>\n

Daniel Gross puts that into a larger context: <\/strong>Complete with quotes from Richard Florida, Mr. Gross looks to optimistic visions<\/a> of the future and the chance to re-shape our economy, using the pending economic rebound to re-shape things – putting those kinds of smart growth plans into action:<\/p>\n

So what will our new economy look like once the smoke finally clears? There will likely be fewer McMansions with four-car garages and more well-insulated homes, fewer Hummers and more Chevy Volts, less proprietary trading and more productivity-enhancing software, less debt and more capital, more exported goods and less imported energy. Most significantly, there will be new commercial infrastructures and industrial ecosystems that incubate and propel growth\u2014much as the Internet did in the 1990s.<\/p><\/blockquote>\n

Not everyone is so optimistic: <\/strong>Reihan Salam at The Daily Beast isn’t nearly as optimistic<\/a> about our economic prospects, despite the good intentions and aspirations of folks like Roger Lewis.<\/p>\n

But one could just as easily argue that we’ve been furiously spending taxpayer dollars propping up the McMansion-and-Hummer economy. To protect homeowners, we’ve launched an extraordinary series of interventions designed to buttress housing prices, an approach that effectively transfers wealth from those who rent to those who own. Collapsing housing prices could prove a boon for less-affluent households or cautious investors who were reluctant to buy at the top of the market. That can’t help unless we accept that housing prices can and should collapse, even if that hurts key constituencies in the short term. And the same goes for efforts to keep the domestic automotive industry on life support.<\/p><\/blockquote>\n

So, are we in a moment of change or not?\u00a0 The point about renters and owners is well taken, it reminds me of plenty<\/a> of discussion<\/a> around tax day about the perils of the mortgage interest deduction.<\/p>\n

Beyond these big, national-level policy questions, there’s plenty of room to debate the local impact.\u00a0 Housing Complex notes<\/a> that DC has lots of jobs (relatively) and high rents, circling back to the notion that the ability to change things won’t be uniform across the nation.\u00a0 Places like DC are positioned well to make the transformation – provided the Federal framework enables these kinds of changes.<\/p>\n

On that note, Aaron Renn looks at a potential city-friendly federal policy framework<\/a>, emphasizing talent, innovation, and connection – looking at policy areas of transportation, housing, the environment, and immigration.\u00a0 Perhaps the key takeaway is the requirement of flexibility – many of today’s problems stem from federal policies that are too rigid to be of much use in urban environments.<\/p>\n

Density discussions: <\/strong>Density is good for cities<\/a>.\u00a0 It’s also often misunderstood<\/a> and feared – see Roger Lewis’ calming of fears regarding smart growth.\u00a0 A few posts on the subject:<\/p>\n