Wednesday, October 08, 2014

The Urban Geography of Globalization: Global Neighborhoods

The rise of nano core neighborhoods at Pacific Standard magazine.

Theme: Globalization and urban geography.

Subject Article: "Growing clout of global cities offers property opportunities: Top urban centres will seek to attract talent with non-traditional business districts, and investors should be looking at these new zones."

Other Links: 1. "Housing in New York, London is attractive as an investment for outsiders because it's scarce!"
2. "What draws Chinese investment? It's simple, says foreign capital expert: Direct flights to China and a Top 25 university. @LuskCenter talk."
3. "The Politics of Anti-NIMBYism and Addressing Housing Affordability."
4. "Affordable Housing: Geography of Supply and Demand."
5. "Downtown Mountain View's 303 Bryant St. sells for record price."

Postscript: I'm attempting to pivot away from critiquing the supply-side model of housing affordability. I am mainly interested in how the migration of global labor (people toiling in diverging, tradable jobs) transform regional economies. Nano core neighborhoods are popping up in cities that no one confuses as global. Tradable eds and meds are driving real estate appreciation in Rust Belt cities such as Pittsburgh and Buffalo. Tracking the migration of this labor force cohort should be a leading indicator of globalization and the associated real estate dynamics detailed in my latest post.

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