We will begin today with a brief discussion of Ding and Zhao’s chapter on Urbanization in Japan, South Korea, and China. Here are the discussion questions. Then we will continue with lecture material.
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- Finish topic 10: Local Public Goods
- Begin topic 11 on “Housing Markets and Tenure Choice.” I would like to cover housing markets, but I will skip the part on tenure choice for the time being. Time permitting, we will come back to it next week. The reason why is because the notes I have may be too US-specific and not of much interest to you other than to provide a simple example, but one that requires a bit of time to explain all the variables. Based on a simple benefit-cost analysis, I am just not sure whether the benefits justify the time costs for now.
- For next week, please read the paper by William Rees and chapter 8 by Matt Kahn. Both of these are related to urban sustainability and offer opposing perspectives: Rees comes from the ecological economics perspective, while Kahn comes more from the neoclassical tradition. Here are the discussion questions for Rees.
- Next week we will cover topic 12: “housing policies” which will cover subsidies and rent-control.
- Video: “The Cost of China’s Millionaire Migration” | SBS Dateline – a look at the housing situation in Vancouver. Effect on local affordability (6:43-10:32) ; Immigarant Visa Program (16:17-18:30); effect on neighborhood (18:30-21:56)