Moving on to this week's items:
- Houston punches above its weight higher than any other global city in Richard Florida's ranking of "Winner Take-All Cities".
"For each global city, and for the various categories of global cities, we calculate a “Winner-Take-All Quotient” (or WQ). This is a simple “over-representation ratio” that compares the share of the total amount of economic output, venture capital investment and/or, billionaires in a global city divided by its share of the world’s population.
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Indeed, the 20 largest global metros (by economic output) account for a considerably larger share of the global economic output than they do of global population (see Table 2). The WQ for these cities range from lows of 1.2 and 1.3 in Mexico City and Sao Paulo to highs of 4.5, 4.7, and 4.8 in New York, Washington, D.C., and Houston."
- Houston is still #2 behind San Jose in our second year of doing the COU Standard of Living rankings, with a cost-of-living adjusted real pay of $58,401 per job.
- Houston is also ranked #2 on this infographic for what size home you can get for $500k: 5,813 sq.ft at $86 per sq.ft. A heck of a lot better than 986 sq.ft in SF or 1,351 in LA! Hat tip to George.
- Post-Harvey update on the Houston housing market
- LA transit ridership losses lead national decline. So much for spending on rail to boost ridership...
- NYT expose on how incredibly dysfunctional their transit agency is. I know there are mixed feelings on METRO here. I've certainly seen a mix of good (original red line, bus routes reimagining) and bad (new rail lines) decisions. This is why I think the right long-term answer to low-income mobility will be subsidies to private transportation-as-a-service providers as autonomous taxis and shuttles become incredibly cheap, just like we do now with food and housing vouchers.
- Michael Lewyn's notes on Houston at Market Urbanism. He finds our street grid, sidewalks, and density generally superior to Atlanta and other sun belt cities.
- Cautionary story about how Columbia Sportswear and other companies are pulling out of downtown Portland because of a growing homeless aggression problem. I don't think Houston is there yet, but we certainly have a growing issue that needs to get addressed, especially in downtown and midtown.
- Regulation runs amok pinching supply and skyrocketing home prices in Toronto, which I think will kill any chances they had of Amazon HQ2. Another cautionary tale. Hat tip to Oscar.
Speaking of Amazon HQ2, I really like the new Houston proposal and the concept of the "innovation corridor" from downtown to the med center. The video is especially well made. I still think we're a longshot, but this is good stuff to share with any company that might consider coming to Houston.
What happens if you combine SF and SJ, I mean the 49ers play in the SJ metro.
ReplyDeleteAre you talking about the standard of living rankings? I'm not sure. Wendell puts them together using official census metro stats, so SJ gets split off from SF. I think it does warp the stats a bit.
ReplyDeleteCan the OMB please unify SF/SJ and NYC/CT Suburbs.
ReplyDeleteAggie football insiders have long toyed with the idea of an annual LSU game in Houston like they have with Arkansas in Dallas but this idea has generally been rejected because it would give LSU exposure and publicity in the coveted Houston recruiting ground. They also generally view the Arkansas series as a mistake for the same reason and from what I've heard they do not plan on renewing it when the contract expires. Plus these neutral-turf games take away ticket revenue and economic impact from College Station.
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