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Microsoft Pledges $500 Million for Affordable Housing in Seattle Area - The New York Times
The move is the most ambitious effort yet by a tech company to fund construction for local teachers, firefighters and other middle- and low-income residents.
newswire  seattle  microsoft  housing  homelessness 
5 hours ago by kejadlen
Svensk hyresmarknad
”Jag tycker synd om alla i Sverige som har behov av hyresrätt. För det kommer aldrig bli någon ordning på hyresmarknaden här. Och nej, Vänsterpartiet har ingen lösning på detta.”
politics  sweden  tjatterskott  housing 
21 hours ago by kr4d
Hope vs. Change: Why Some Democrats Are Turning on Obama’s Legacy | Vanity Fair
The financial crisis was Obama’s moment of truth, and he sided with the establishment. Now, the 2020 field must contend with an uncomfortable question: was Obama a bad president?
politics  housing  foreclosure  recession  obama  democrats  neoliberalism 
21 hours ago by jstenner
Is the future bright for Vancouver renters? | Vancouver Courier
What did you find most frustrating about the debate in the last few years about how to improve renters’ lives?

The lack of recognition of how desperately needed more secure, purpose-built rental housing is. We have a shortage of something, as reflected in the vacancy rate, that people say is a human right. Still, we have all these arguments about whether or not apartments can be built in certain places, and put all these conditions on how they should look. There’s a contradiction there between saying housing is a human right, which I completely agree that it is, and yet saying you can’t build the housing there or there or there. Or that [a proposed building] shades my back yard, or it needs to have this pitch of roof or I don’t like the tiles — and making it go through this long rezoning process, with a design review, and everything. And they wonder why it takes so long to address the shortage.
vancouver  housing  rental  policy 
yesterday by pacpost
2018: The Screwed Millennial Generation Gets Smart
TL;DR: millennials earn less than their parents and have been forced to move to suburbs. They're about as conservative, wanting to own homes and raise children.

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Millenials earn $2000 less than the same age group made in 1980

20%+ of people 18 to 34 live in poverty, up from 14% in 1980

"the GINK generation (as in “green inclinations, no kids”) that she said meant not only a relatively care-free and low-cost adult life, but also “a lot of green good that comes from bringing fewer beings onto a polluted and crowded planet.”"

"millennials are following in the footsteps of previous generations by locating on the periphery major metropolitan areas and Sun Belt cities, most of which are simply agglomerations of suburbs."

"more 18- to 34-year-olds now live with their parents than with spouses or significant others for the first time since the question was first asked in the 1880s"

80% want to buy a home. Many can't due to high prices and low income (https://www.washingtonpost.com/opinions/millennials-arent-buying-homes--good-for-them/2016/08/22/818793be-68a4-11e6-ba32-5a4bf5aad4fa_story.html)

The vast majority of millennials, according to Gallup and others, want to get married and have children. Their top priority, according to Pew, is to be “good parents.”

Despite endless talk about millennials as the group triggering a “back to the city” movement, census data shows that their populations in many core cities are stagnating or declining. In April 2016, the real estate website Trulia found that millennials were rushing out of expensive cities

Since 2010, the 20 to 29 populations have declined in the core areas of much celebrated youth magnets including Chicago (-0.6 percent) and Portland (-2.5 percent). Other areas, like Los Angeles and Boston, have lost millennials since 2015.

for workers between the ages of 22 and 34, rent costs claim upwards of 45 percent of income in Los Angeles, San Francisco, New York, and Miami, compared to closer to 30 percent of income in metropolitan areas like Dallas-Fort Worth and Houston.

18- to 29-year-olds were the age group least satisfied with life in Los Angeles

In the Bay Area, according to ULI, 74 percent of millennials are considering an exit, largely due to high housing prices.

In New York, incomes for people aged 18 to 29 have dropped in real terms since 2000, despite considerably higher education levels. At the same time, rents have shot up by 75 percent.

We have already passed “peak millennial” and are seeing the birth of a new suburban wave

More than 80 percent of 25- to 34-year-olds in major metropolitan areas already live in suburbs and exurbs, according to the latest data—a share that is little changed from 2010 or 2000.

4 in 5 people under 45 preferring the single-family detached houses most often in suburban locales

The income required to buy a home in Silicon Valley ($216,000), San Francisco ($171,000), Los Angeles ($115,000), or New York City ($100,000) dwarfs what is required in places like Orlando ($54,000), San Antonio ($54,000), or Nashville ($47,000).

The Millennial homeownership rates is 37% in Nashville, 29% in San Antonio and 27% in Orlando, compared to under 20% in New York, Los Angeles and San Francisco.

Among the 10 major metropolitan areas whose 25- to 34-year-old populations grew most rapidly between 2010 and 2016, seven have more than 95 percent of their population in suburban or exurban settings.

The top 10 regions with the fastest growth in their 25- to 34-year-old populations since 2000 include nontraditional urban areas such as Austin, Orlando, San Antonio, San Bernardino-Riverside, Las Vegas, Houston, Oklahoma City, and Jacksonville. In contrast, Boston ranks 40th out of 53 metro regions, New York 44th, San Jose 47th, Los Angeles 48th, and Chicago 51st.

The millennial suburb will be different—more walkable, more environmentally sustainable, and likely more connected eventually by autonomous technologies.
USA  millenials  poverty  rent  housing  cost  demographics  cities  statistics 
yesterday by dandv

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