There is a housing market crisis brewing – And here’s where it will strike first

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A potential housing crisis is brewing in some dense, overpriced housing markets as new work trends come into play.

Recent data on housing shows that sales remain strong, with only a small drop in prices.

However, longer-term trends are likely to lead to significant drops in today’s high-priced markets.

The shift towards a remote workforce will correct housing imbalances in markets that otherwise may have gone unsolved.

Many have feared a repeat of the 2008 housing crisis this year as the economy shut down. So far, however, signs indicate that the overall market is holding up well.

Continue reading… “There is a housing market crisis brewing – And here’s where it will strike first”

A billion people live in the slums of the world’s megacities—all overlooked in coronavirus planning

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A market area in Dhaka, the Bangladeshi capital, crowded with people despite the coronavirus pandemic, May 12, 2020.

Sprawling urban areas in Brazil, Nigeria and Bangladesh are all seeing COVID-19 infections rise rapidly.

A billion people live in the slums of the world’s megacities—and they’re being missed by coronavirus plans

Having ravaged some of the world’s wealthiest cities, the coronavirus pandemic is now spreading into the megacities of developing countries. Sprawling urban areas in Brazil, Nigeria, and Bangladesh are all seeing COVID-19 infections rise rapidly.

We study the fragility and resilience of such cities and their urban peripheries, with the aim of encouraging data-driven policy decisions. Given its deadly trajectory in marginalized communities of hard-hit New York and London, coronavirus may well devastate much poorer cities.

Continue reading… “A billion people live in the slums of the world’s megacities—all overlooked in coronavirus planning”

Get me out of here! Americans flee crowded cities amid COVID-19, consider permanent moves

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Ben Greenzweig is itching to move his wife and three kids South, a plan that may get accelerated due to the coronavirus pandemic.

The CEO and co-founder of conference company Momentum Event Group, says he’s looking to move to either North Carolina or South Carolina from the New York City suburbs in Westchester County, for cheaper costs and bigger living space amid fears that a deep and prolonged economic slump in the state could eventually force residents to pay higher taxes.

“It would be an unbelievable escape,” Greenzweig, 42, says. He typically works from home which gives him flexibility.

“Our children’s involvement in school is the single largest tether keeping us here. If there’s a hint that school won’t resume in the fall for my kids, then the biggest reasons for us staying here, which are friendships and school activities, evaporates.”

Continue reading… “Get me out of here! Americans flee crowded cities amid COVID-19, consider permanent moves”

Facebook has mapped the population of 23 countries in incredible detail

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In its research into the best way to provide the internet to the entire world, Facebook has mapped where all 7.5 billion people on the planet live. By combining government census data and satellite images along with some help from Facebook’s image recognition neural network, the company can now locate every single man-made structure to within just five meters.

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World’s Fastest High Speed Internet for Only $26 per Month in Hong Kong

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 Population density in Hong Kong helps its broadband companies reach users at low cost.

Hong Kong residents can enjoy astoundingly fast broadband at an astoundingly low price. It became available last year, when a scrappy company called Hong Kong Broadband Network introduced a new option for its fiber-to-the-home service: a speed of 1,000 megabits a second — known as a “gig” — for less than $26 a month.

 

Continue reading… “World’s Fastest High Speed Internet for Only $26 per Month in Hong Kong”