In an essay for The Wall Street Journal, economics author Daniel Gross explores how he believes America's transition from an Ownership Society to a Rentership Society will unleash a wave of economic efficiency to fuel the next boom.
Gross looks at the growth in popularity amongst Americans in renting their most expensive household items, and sees signs of a profound shift in economic attitudes that will fuel a post-recession boom driven by efficiency and mobility.
"Americans are getting over the idea of owning the American dream; increasingly, they're OK with renting it. Homeownership is on the decline, and home rentership is on the rise. But the trend isn't limited to the housing market. Across the board-for goods ranging from cars to books to clothes-Americans are increasingly acclimating to the idea of giving up the stability of being an owner for the flexibility of being a renter," writes Gross.
"I'd argue the rise of rentership is a sign of a system adapting-albeit too slowly-to new realities. The U.S. economy needs the dynamism that renting enables as much as-if not more than-it needs the stability that ownership engenders."
FULL STORY: Renting Prosperity
A Mobility Collective for a Unified Transportation System
The collective of micromobility and shared mobility operators is tasked with developing an integrated system that would better serve the diverse needs of travelers.
California Cap-and-Trade Shares the Wealth, With Zipcars for Public Housing Residents
Residents of public housing in California's state capital now have new access to economic mobility in the form of a shared fleet of electric cars—all made possible by the state's cap-and-trade system that limits and offset carbon emissions.
Affordable Housing and the 2016 Election
The cost of housing affects millions across the country, but the issue has been conspicuously absent in the campaigns. Hillary Clinton's plan includes an imprecise remedy, while Donald Trump's pronouncements have been vaguer still.
What ‘The Brutalist’ Teaches Us About Modern Cities
How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.
‘Complete Streets’ Webpage Deleted in Federal Purge
Basic resources and information on building bike lanes and sidewalks, formerly housed on the government’s Complete Streets website, are now gone.
The VW Bus is Back — Now as an Electric Minivan
Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.
Healing Through Parks: Altadena’s Path to Recovery After the Eaton Fire
In the wake of the Eaton Fire, Altadena is uniting to restore Loma Alta Park, creating a renewed space for recreation, community gathering, and resilience.
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
Electric Vehicles for All? Study Finds Disparities in Access and Incentives
A new UCLA study finds that while California has made progress in electric vehicle adoption, disadvantaged communities remain underserved in EV incentives, ownership, and charging access, requiring targeted policy changes to advance equity.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Albany
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research