After so many years, I’m still not impressed by the NYC subway, where trains change routes without explanation or much notice. Or by JFK, where flights get delayed and delayed and gates get changed and changed.
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Housing remains unaffordable in China’s growth machines, as Wendell Pritchett and I wrote about a decade ago in Exclusionary Megacities. I understand the temptation to look to China as a model for growth and housing, but the reality is more complicated than it might seem.
Interesting to read this news ⤵️ of NYC playing venture capitalist alongside @bswud & @RobinRivaton's new @WorksInProgMag story about Chinese cities as de facto VC firms.
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I have a co-authored draft paper on the legal architecture of data. It’s still in the final round of revisions, but we’d be happy to share it and welcome any comments. Please feel free to contact me by email if you’re interested.
This is a huge, welcome move. Making homebuyers pay mortgages before homes are even built is too much risk on them—and a main cause of unfinished buildings (烂尾楼). scmp.com/economy/china-…
www.scmp.com China moves to stabilise property sector with ‘stronger-than-expected’ package The measures aim to shift China’s vast property sector away from a presales model, as Beijing strives to stabilise market downturn.