Brandon Donnelly
Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly.
Brandon Donnelly
Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly.
This is what it looks like in Mont-Tremblant right now:
It’s currently -11 degrees celsius and it’s expected to snow for most of the day. It’s starting to come down right now. But this evening it’s supposed to warm up to +1 degrees celsius, which means it may turn into (freezing) rain. I hope we see a lot more snow than rain. Nobody wants an icy mountain.
If you’re looking for things to read this morning, here are 3 pieces:
1. In American Towns, Private Profits From Public Works. It’s a NY Times article talking about how cash-strapped towns are turning to private equity firms to pay for their infrastructure.
2. How Zoning Laws Shaped New York City Over the Last Century. This is about an exhibition being held at The Museum of the City of New York right now. The rules we make shape our built environment. Thanks John for the link.
3. Authenticity, and how Snapchat is banking on it. I am very fascinated by Snap Inc.’s ability to think differently and adopt counterintuitive business strategies. There’s also a cultural dimension to all of this.
Today I came across this Reddit talking about how few census tracts there are in the United States with a population density greater than 150,000 people per square mile.
Basically, there’s a bunch in New York, one in San Francisco (Tenderloin), and one in Chicago that doesn’t really count because it’s an unusually small tract. Most other American cities don’t even come close.
Looking at this New York Times mapping of the 2010 US census data, it turns out there are neighborhoods in NYC that go well beyond 150,000 people per square mile. Here’s one census tract (#154) at just over 200,000 ppsm:
This is what it looks like in Mont-Tremblant right now:
It’s currently -11 degrees celsius and it’s expected to snow for most of the day. It’s starting to come down right now. But this evening it’s supposed to warm up to +1 degrees celsius, which means it may turn into (freezing) rain. I hope we see a lot more snow than rain. Nobody wants an icy mountain.
If you’re looking for things to read this morning, here are 3 pieces:
1. In American Towns, Private Profits From Public Works. It’s a NY Times article talking about how cash-strapped towns are turning to private equity firms to pay for their infrastructure.
2. How Zoning Laws Shaped New York City Over the Last Century. This is about an exhibition being held at The Museum of the City of New York right now. The rules we make shape our built environment. Thanks John for the link.
3. Authenticity, and how Snapchat is banking on it. I am very fascinated by Snap Inc.’s ability to think differently and adopt counterintuitive business strategies. There’s also a cultural dimension to all of this.
Today I came across this Reddit talking about how few census tracts there are in the United States with a population density greater than 150,000 people per square mile.
Basically, there’s a bunch in New York, one in San Francisco (Tenderloin), and one in Chicago that doesn’t really count because it’s an unusually small tract. Most other American cities don’t even come close.
Looking at this New York Times mapping of the 2010 US census data, it turns out there are neighborhoods in NYC that go well beyond 150,000 people per square mile. Here’s one census tract (#154) at just over 200,000 ppsm:
If you convert 200,764 into the globally accepted standard for measuring distances and areas, you get approximately 77,515 people per square kilometer. Pretty dense.
As a comparison, I thought I would see how this number stacks up against what is commonly referred to as the densest neighborhood in Canada: St. James Town.
If you pull up that geographic code in the 2011 Canadian census data (#5350065.00 in case you’re that nerdy), you’ll see a map boundary that looks like this:
And you’ll also find a 2011 population density of approximately 60,915 people per square kilometer. Also pretty dense – though the population did decline from 2006.
Now obviously St. Jamestown is only one example. The rest of the city is, by and large, far less dense. But maybe when our 2016 census data gets released next year, we’ll find that we’ve become even denser. I suspect we will.
The New York Times has an interesting article up talking about the possible impacts of climate change on coastal real estate in the United States. In it they make the argument that sales velocity is declining in flood-prone areas. Here are two snippets:
Over the past five years, home sales in flood-prone areas grew about 25 percent less quickly than in counties that do not typically flood, according to county-by-county data from Attom Data Solutions, the parent company of RealtyTrac. Many coastal residents are rethinking their investments and heading for safer ground.
In the past year, home sales have increased 2.6 percent nationally, but have dropped about 7.6 percent in high-risk flood zones in Miami-Dade County, according to housing data. Many coastal cities are taking steps toward mitigation, digging runoff tunnels, elevating roads and building detention ponds.
I would like to see more data supporting this argument, but I can’t say I’m surprised. Flood risk is certainly something I would think about – particularly in high-risk areas such as South Florida. Florida has 6 of the 10 most vulnerable urban centers in the US.
The other piece that caught my attention is this:
Flood risks are easily overlooked because past flood damage often goes unreported and, as in Virginia, the burden of discovering it falls to the buyer. LexisNexis, a news and legal research company, can supply sellers a report with the history of flood claims on the property, but buyers usually do not know to ask for it. FEMA collects information on federal insurance claims for homes nationally, but the agency has been reluctant to make it public for privacy reasons.
It is yet another example of how opaque the real estate industry is. A lot of the information – assuming it’s even available – is fragmented across a number of different sources. If you’re playing hot potato, this obviously works to your benefit. But I don’t believe it’s the best thing for the overall market.
If you convert 200,764 into the globally accepted standard for measuring distances and areas, you get approximately 77,515 people per square kilometer. Pretty dense.
As a comparison, I thought I would see how this number stacks up against what is commonly referred to as the densest neighborhood in Canada: St. James Town.
If you pull up that geographic code in the 2011 Canadian census data (#5350065.00 in case you’re that nerdy), you’ll see a map boundary that looks like this:
And you’ll also find a 2011 population density of approximately 60,915 people per square kilometer. Also pretty dense – though the population did decline from 2006.
Now obviously St. Jamestown is only one example. The rest of the city is, by and large, far less dense. But maybe when our 2016 census data gets released next year, we’ll find that we’ve become even denser. I suspect we will.
The New York Times has an interesting article up talking about the possible impacts of climate change on coastal real estate in the United States. In it they make the argument that sales velocity is declining in flood-prone areas. Here are two snippets:
Over the past five years, home sales in flood-prone areas grew about 25 percent less quickly than in counties that do not typically flood, according to county-by-county data from Attom Data Solutions, the parent company of RealtyTrac. Many coastal residents are rethinking their investments and heading for safer ground.
In the past year, home sales have increased 2.6 percent nationally, but have dropped about 7.6 percent in high-risk flood zones in Miami-Dade County, according to housing data. Many coastal cities are taking steps toward mitigation, digging runoff tunnels, elevating roads and building detention ponds.
I would like to see more data supporting this argument, but I can’t say I’m surprised. Flood risk is certainly something I would think about – particularly in high-risk areas such as South Florida. Florida has 6 of the 10 most vulnerable urban centers in the US.
The other piece that caught my attention is this:
Flood risks are easily overlooked because past flood damage often goes unreported and, as in Virginia, the burden of discovering it falls to the buyer. LexisNexis, a news and legal research company, can supply sellers a report with the history of flood claims on the property, but buyers usually do not know to ask for it. FEMA collects information on federal insurance claims for homes nationally, but the agency has been reluctant to make it public for privacy reasons.
It is yet another example of how opaque the real estate industry is. A lot of the information – assuming it’s even available – is fragmented across a number of different sources. If you’re playing hot potato, this obviously works to your benefit. But I don’t believe it’s the best thing for the overall market.
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