Philadelphia has lost 600,000 population since 1950, 70,000 in the last decade alone. The shift from rail to automobile transportation and the precarious fiscal situation of the city contributed to residential decentralization. Policy maker’ efforts to reverse this trend have been unsuccessful. Today, fewer workers need to live in the city in order to be near their jobs, and each year, the competitive disadvantage of Philadelphia’s neighborhoods has become more pronounced. It is possible to reverse this trend. Vacant land can be used to build neighborhoods for middle- and upper-income families who would improve Philadelphia’s finances. Retired persons could live close to high-quality medical care and cultural attractions and young couples could remain longer in the city. A mixed-income new-town/in-town with 10,000 residential units would be funded through enhanced residential and commercial real estate values and job creation, and lead to other investment throughout the city.
1010 Affordable Housing Architecture Asia Australia bonds Borrowing Constraints California Canada China coastal markets cold storage Colombia Commercial Brokerage Commercial Real Estate commissions Congestion consumer bias covid-19 CRE credit card market Credit Default Swaps Credit Insurance Credit Risk Transfers Culture data centers Debt Market Demand Demographics Density Development Discrete Choice disruption Diversity e-Commerce Economic Corridors economic policy economics education election studies Equity Market Ethnic Factors Europe Fannie Mae financial asset management Foreclosures France Freddie Mac general equilibrium Global global economy Global Financial Crisis great depression Great Recession healthy buildings Hedonic hospitality Housing & Residential housing boom Housing Disease housing prices Housing Supply Identity Income Inequality India inflation Inter-generational mobility interest rates Investing Lagging Regions land use regulation Language life sciences Macroeconomics Microeconomics Migration Minimum Payments Mixed-Use Mobility moral hazard mortgage insurance mortgage market Mortgage Rates Mortgages Multi-family Nation Building Non-Traditional Mortgages office sector pension funds Placed Based Policies Political Risk Price Discovery public health public policy Public Schools real estate brokerage Real Estate Investment Real Estate Investment Trusts Recession Rental Retail Retirement reverse mortgages risk management risk-shifting single family housing Slums Sorting South America Spatial Regions spillover effect stimulus package Sub-Prime Mortgages Supply Chains Sustainability Technology telecommunications unemployment United States Urban Urbanization welfare work from home