Monday, November 15, 2021

Carbon capture subscriptions, climate entrepreneurs, CA moves to HTX more than Austin, and more

Big idea of the week on Houston adapting to climate change: what if automakers sold a subscription with their cars that reported back monthly gas usage and sequestered that much carbon? Great new product for oil & gas companies to sell automakers... 

Moving on to some smaller items to catch up on this week:

"This was cheap housing, but that didn’t just mean cheaper rents. It meant the opportunity for ownership. A key characteristic of many of these neighborhoods was what Husock labels “owner presence.” Even in crowded neighborhoods, apartment buildings like the Boston triple-decker or Chicago two-flats allowed residents to buy the building and live in one unit, while renting out the other to earn income. A surprisingly high share of people who rented in these places lived in buildings where the owner was also living. The owners accumulated wealth in the form of equity in their real estate that was a key to their ability to move up economically.

One common factor in these places was a tolerance for housing that reformers judged substandard. Tenements on the Lower East Side, for example, often lacked baths. Levittown houses were tiny, identical boxes on concrete slabs. But the policy response to the legitimate problems of some of these neighborhoods was a cure often worse than the disease. Mass slum clearance and the construction of huge high-rise public housing projects are the most infamous examples.

The replacement of “slum” housing with public housing was not only a quality-of-life disaster, it also locked its residents into permanent rentership. Detroit’s Black Bottom neighborhood may have been segregated, but it gave Black residents the opportunity to own real estate and own and operate businesses. In public housing, Black residents could do neither, cutting off critical avenues of wealth creation."

Labels: , , , , , , , , , , , ,


At 6:05 PM, November 15, 2021, Blogger George Rogers said...

This is one strength of Houston is we haven't done housing projects, which are inferior to organic slums. For example Houstons Levittown (Sharpstown) provides a cheap place for immigrants to climb the ladder, other examples are gulfton, hobby area and other garden apartment glut areas.

At 6:13 PM, November 15, 2021, Blogger George Rogers said...

These garden apartment glut areas provide cheap housing for renters and provide a good place for immigrants to invest, places like sharpstown provide cheap sfh housing to let people on the homeownership ladder.

At 9:45 PM, November 15, 2021, Blogger VeracityID said...

I sent this to a friend who runs a SW business in the MW:

Krishnan Rajagopalan is the CEO of Heidrick and Struggles, the big global search firm (I have the dubious honor of being the protégé of someone who went on to be one Heidrick's mgt. board members as well as the one time supervisor of Krishnan, the CEO. I am the low performing outlier.)

Anyway, when covid hit he took the decision to shut all of their high priced offices around the world and instead spend that money on 4 week-long all family, all expense paid luxury retreats.

Suffice it to say that a lot of Heidrick high performers have moved to places that are best for their families rather than their careers. Because career isn't nearly as place based anymore.

Because my Partner and I are Krish's friends, we have replicated his strategy. Which is fun. Next Summer in Tahoe!

But woe betide the metro that can't keep up with the competition for high comp, high value remote workers.

Today TX and FL dominate the global league tables. Economics, governance and amenities matter.

Love what you do, Bill.

At 9:47 PM, November 15, 2021, Blogger VeracityID said...

Incidentally, the last line was for you, not my MW friend.

At 9:48 PM, November 15, 2021, Blogger VeracityID said...

And I forwarded my friend the WSJ piece you posted. I'm really not very good at this am I?

At 7:02 AM, November 16, 2021, Blogger George Rogers said...

What I meant by public housing was Slum Clearance.

At 4:57 PM, November 16, 2021, Blogger Tory Gattis said...

Good comments. Great anecdote Bill (and thanks for the kind words). I completely agree. I think that's the future. Rather than hybrid work, it'll be remote work with occasional retreats to build personal connections.


Post a Comment

<< Home