By Keenan Ashbrook Published May 6, 2018
It is widely acknowledged that American cities are facing a housing crisis. Forty million Americans now spend what the Department of Housing and Urban Development considers to be an unaffordable amount (30 percent of income or more) on housing. The average rent for a studio apartment now exceeds $1,700 in Chicago, $2,000 in Boston and Washington D.C. and $3,000 in New York and San Francisco.
By Keenan Ashbrook Published March 14, 2017
Now a noted liberal activist, Michael Moore first gained widespread recognition with his 1989 film Roger & Me, which explored the effects of auto plant closures in his home city of Flint, Michigan. In the hopes of attracting tourists and generating economic growth to blunt the impact of the plant closures, Flint city officials supported the construction of a theme park, shopping center, and luxury hotel, all three of which promptly went bankrupt as Flint became a posterchild for post-industrial economic malaise. The failure of Flint's efforts should serve as a cautionary tale for those who would attempt to cover over structural economic problems with superficial development, infrastructure, and "quality of life" projects.