Pandemic Depression

New York City Subway

Report: New York MTA Facing 'Greatest Crisis' in its History

A new report on the finances of the New York Metropolitan Transportation Authority (MTA) makes a desperate plea for assistance from the federal government.

October 14, 2020 - lohud

Chicago Construction

New Skyscraper Added to Chicago's Skyline in Uncertain Times for Downtown Commercial Uses

A riverfront revival was well underway in Chicago. Then the pandemic hit. How can a splashy new downtown commercial development expect to fare in Covid's world?

October 12, 2020 - Chicago Tribune

Small Jazz Club New York

Trump Decision to Bail on Federal Stimulus Pushes Music Venues Over the Brink

Public transit, employment, homelessness, foreclosures—all hang in the balance as the federal government falters with a proposed economic recovery package. So does the prospect of going to a show after the pandemic.

October 8, 2020 - Vice

Thailand

As U.S. Transportation Infrastructure Holds Back Economic Recovery, It's Time for Change

Opinion: Six months into the pandemic, the state of the U.S. economy reveals that the planning profession can support struggling Americans by focusing on transportation and the land use patterns that enable mass transit.

October 7, 2020 - James Brasuell

Coronavirus

Overdue Rent Could Equal $34 Billion by January 2021

As Americans deal with job losses and ongoing unemployment, rent bills are piling up and a wave of evictions looms on the horizon.

October 4, 2020 - Route Fifty

For Rent

Rents Dropping Across the U.S., but Especially in Big, Wealthy Cities

People are moving less and rents are dropping, according to a new report from Apartment List.

October 2, 2020 - Apartment List

Wall Street

Lessons from the Last Housing Crisis: How to Get Control of Properties

How to keep affordable apartments and single-family homes out of the hands of institutional investors if the coronavirus pandemic leads to a giant wave of evictions and foreclosures.

September 29, 2020 - Shelterforce Magazine

Bank Owned

Wall Street Wagering on a Permanent Suburban Renter Class

Expectations that the economic downturn of the COVID-19 pandemic will create a wave of homeowners leaving the market, whether by choice or necessity, are driving big acquisitions by private equity firms and Wall Street investors.

September 28, 2020 - The Wall Street Journal

Donald Trump and Ivanka Trump

Trump Neglects Cities to the Peril of the Economy, Experts Say

President Trump is infamous for politicizing civil unrest in cities, but his leadership's animus to urban areas is found in policy as well, despite the importance of large cities to the nation's economy.

September 16, 2020 - The Washington Post

Moving Van

Phoenix Eviction and Foreclosure Rates Doubled the National Average—Then the Pandemic Hit

A new report looks at pre-existing foreclosure and eviction rates to predict where the worst outcomes of the pandemic's economic downturn for homeowners and renters are likely to happen.

September 15, 2020 - Arizona Republic

Brooklyn Redevelopment

Opinion: How to Protect Cities From a Private Development 'Feeding Frenzy'

A New York city councilmember, trained in urban planning, presents ideas for protecting tenants and small businesses in the ongoing economic downturn.

September 3, 2020 - The New York Times

Tax

Counties and Cities Facing Sudden Dip in Property Tax Revenue

Property taxes have traditionally been viewed as recession-proof channels for local revenue, but first the Great Recession, and now the pandemic depression, are proving to be exceptions to the rule.

August 24, 2020 - Forbes

Hurricane Katrina Rebuilding

New Housing Fund Launched in New Orleans

A new housing relief fund has been launched in New Orleans to help low-income residents deal with the economic fallout of the pandemic.

August 24, 2020 - NOLA.com

Brutalism

Report Details Dire Fiscal Straits of Local Governments

The National League of Cities has produced a highly-anticipated report detailing the fiscal fallout of the sudden and swift economic downturn that followed the coronavirus to American shores.

August 20, 2020 - National League Of Cities

Rent Jubilee

How and Why to Cancel Rent During the Pandemic Depression

The rallying cry to cancel rent has been heard since the early days of the pandemic, but it takes on new urgency now as the economic effects of the pandemic linger past the expiration date of eviction moratoriums.

August 20, 2020 - The Guardian

Lake Oswego Transit Center

Public Transit in Crisis: Low-Income Riders Have the Most to Lose From Service Cuts

Riders who rely most on public transit are suffering the worst consequences of the cuts to service during the fiscal belt tightening of the coronavirus pandemic.

August 19, 2020 - The New York Times

Vancouver Skyline

Big Investors Cornering the Canadian Rental Market

What's good for pension funds and real estate investment trusts is likely bad for renters.

August 18, 2020 - Vancouver Sun

Donald Trump

Skepticism for Trump's Executive Orders

President Trump put on a show while signing a batch of executive orders late last week, but on further evaluation, the president's signatures on these orders aren't likely to save anyone from the economic devastation of the coronavirus.

August 12, 2020 - The Washington Post

Foreclosure Sign

Protecting Distressed Real Estate From Private Equity

Elizabeth Warren and Carroll Fife warn about the potential for the worst housing market outcomes of the real estate and financial crisis of 2008 to repeat without action from federal and state lawmakers.

August 11, 2020 - The Washington Post

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