Pandemic Depression

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Big Investors Cornering the Canadian Rental Market
What's good for pension funds and real estate investment trusts is likely bad for renters.

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.

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.
Pagination
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