Friday, July 11, 2014

Affordable Housing: Geography of Supply and Demand

The geographic scale of supply and demand matters at Pacific Standard magazine.

Theme: Globalization and gentrification.

Subject Article: "Bakken Oil Boom Brings Growing Pains to Small Montana Town: An influx of workers leaves housing scarce—and the jail full."

Other Links: 1. "Illusion of Local: Why Zoning for Greater Density Will Fail to Make Housing More Affordable."
2. "Why Foreign Money is Irrelevant to Increasing Density."
3. "Everyone's Moving to Seattle, and It's Stressing Out Sushi Lovers."

Postscript: A bit of demography and geography for Frederick County, Maryland:

County planning director Jim Gugel said the area’s relatively low cost of living has historically attracted people.

“One thing that drives people to move to Frederick County and the outer (Washington) suburbs is the cost of housing,” he said.

It was business opportunities that brought Eagar to Frederick. He is a manager at XeoHealth, a health care technology company that aims to simplify claims. The business set up its U.S. headquarters in Frederick, he said, because of its strategic location near the I-270 technology corridor and airports.

I think this is a good example of how the geography of supply scales regionally. I live in this area and I can see the rapid (and ironic) shift of economic geography away from the urban core. Along those lines, read about how the future of urban density is in the suburbs.

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