POPULARITY
Keith highlights the decline in college town real estate due to demographic changes and reduced international student enrollment. The national housing market is moving towards balance, with 4.6 months of resale supply and 9.8 months of new build supply. Commercial real expert and fellow podcast host, Hannah Hammond, joins Keith to discuss how the state of the real estate market is facing a $1 trillion debt reset in 2025, potentially causing distress and foreclosures, particularly in the Sun Belt states. Resources: Follow Hannah on Instagram Show Notes: GetRichEducation.com/563 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, are college towns doomed. There's a noticeably higher supply of real estate on the market. Today is get rich education. America's number one real estate investing show. Then how much worse will the Apartment Building Loan implosions get today? On get rich education. Speaker 1 0:27 Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com Corey Coates 1:12 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:28 Welcome to GRE from Orchard Park, New York to port orchard, Washington and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to get rich education. How most people set up their life is that they have a job or an income producing activity, and they put that first, then they try to build whatever life they have left around that job. Instead, you are in control of your life when you first ask yourself, what kind of lifestyle Am I trying to build? And then you determine your job based on that. That is lifestyle design, and that is financial freedom, most people, including me, at one time. And probably you get that wrong and put the job first. And then we need to reverse it once you realize that, you discover that you found yourself so far out of position that you try to find your way back by putting your own freedom, autonomy and free agency first. There you are lying on the ground, supine, feeling overwhelmed, asking yourself why you didn't put yourself first. Then what I'm helping you do here is get up and change that by moving your active income over to relatively passive income, and doing it through the most generationally proven vehicle of them all, real estate investing for income. We are not talking about a strategy that didn't exist three years ago and won't exist three years from now. It is proven over time, and there's nothing avant garde or esoteric here, and you can find yourself in a financially free position within five years of starting to gradually shift that active income over to passive income. Keith Weinhold 3:29 Now, when it comes to today's era of long term real estate investing, we are in the midst of a real estate market that I would describe as slow and flat. Both home price appreciation and rent growth are slow. Overall real estate sales volume is still suppressed. It that sales volume had its recent peak of six and a half million homes moved in 2021 which was a wild market, it was too brisk and annual sales volume is down to just 4 million. Today, more inventory is accumulating, which is both a good news and a bad news story. I'm going to get to this state of the overall market shortly. First, let's discuss real estate market niches, a particular niche, because two weeks ago, I discussed the short term rental arms race. Last week, beach towns and this week, in the third of three installments of real estate market niches are college towns doomed? Does it still make sense to invest in college town real estate? Perhaps a year ago on the show, you'll remember that I informed you that a college closes every single week in the United States. Gosh, universities face an increasingly tough demographic backdrop ahead. We know more and more people get a free education. Education online. Up until now, universities have tapped a growing high school age population in this seemingly bottomless well of international students wanting to study in the US. But America's largest ever birth cohort, which was 4.3 million in 2007 is now waning. Yeah, that's how many Americans were born in 2007 and that was the all time record birth year. Well, all those people turn 18 years old this year. This, therefore, is an unavoidable decline in the pool of potential incoming college freshmen from the United States. And on top of that, the real potential of fewer international students coming to the US to study adds to the concern for colleges. This is due to the effects and the wishes of the Trump administration. It already feels like a depression in some college towns now among metro areas that are especially reliant on higher education, three quarters of them suffered weaker economic growth over the past 12 years than the US has as a whole. That's according to a study at Brookings Metro. They're a non profit think tank in DC, all right, and in the prior decade, all right, previous to that, most of those same metros grew faster than the nation did. If this was really interesting, a recent Wall Street Journal article focused on Western Illinois University in McComb Illinois as being symbolic of this trend, where an empty dorm that once held 800 students has now been converted to a police training ground, it's totally different, where there are active shooter drills and all this overturned furniture rubber tipped bullets and paintball casings, you've got to repurpose some of these old dorms. Nearby dorms have been flattened and they're now weedy fields. Two more dorms are set to close this summer. Frat houses and homes once filled with student renters are now empty lots city streets used to be so crowded during the semester that cars moved at a crawl. That's not happening anymore. It's almost like you're watching the town die, said a resident who was born in Macomb and worked 28 years for the Western Illinois Campus Police Department. Macomb, Illinois is at the heart of a new rust belt across the US colleges are faltering, and so are the once booming towns and economies around them. Enrollment is down at a lot of the nation's public colleges and universities starting next year due to demographics like I mentioned, there will be fewer high school graduates for the foreseeable future, and the fallout extends to downtown McComb. It's punishing local businesses. There's this multiplier effect that's diminishing. It's not multiplying for generations. Colleges around the US fueled local economies, created jobs and brought in students and their visiting families to shop and spend and growing student enrollment fattened school budgets, and that used to free universities from having to worry about inefficiencies or cutting costs. But the student boom has ended, and college towns are suffering. And what are some of the other reasons for these doomed college towns? Well, first, a lot of Americans stopped having babies after the global financial crisis, you've got a strong dollar and an anti foreigner administration that's likely to push international student numbers down on top of this, and then, thirdly, US students are more skeptical of incurring these large amounts of debt for college and then, universities have been increasing administrative costs and tuition above the rate of inflation, and they've been doing that for decades. Tuition and operating costs are detached from reality, and in some places, student housing is still being built like the gravy train is not going to end. I don't see how this ends well for many of these universities or for student housing, so you've really got to think deeply about investing in college town housing anymore. Where I went to college, in Pennsylvania, that university is still open, but their enrollment numbers are down, and they've already closed and consolidated a number of their outlying branch campuses. Now it's important notice that I'm focused on college towns, okay, I'm talking about generally, these small. Smaller, outlying places that are highly dependent on colleges for their vibrancy. By the way, Pennsylvania has a ton of them, all these little colleges, where it seems like every highway exit has the name of some university on it. That is starting to change now. Keith Weinhold 10:21 Conversely, take a big city like Philadelphia that has a ton of colleges, Temple University, Penn, which is the Ivy League school, St Joseph's, Drexel LaSalle, Bryn Mawr, Thomas Jefferson, Villanova. All these colleges are in the Philly Metro, and some of them are pretty big. Well, you can be better off investing in a Philly because Philly is huge, 6 million people in the metro, and there's plenty of other activity there that can absorb any decline in college enrollment. So understand it's the smaller college town that's in big trouble. And I do like to answer the question directly, are college towns doomed? Yes, some are. And perhaps a better overall answer than saying that college towns are doomed, is college towns have peaked. They've hit their peak and are going down. Keith Weinhold 11:23 Let's talk about the direction of the overall housing market now, including some lessons where, even if you're listening 10 years from now, you're going to gain some key learning. So we look at the national housing market. There is finally some buyer selection again, resale housing supply is growing. I'm talking overall now, not about the college towns. Back in 2022, nearly every major metro could be considered not just a seller's market, but a strong seller's market. And it was too much. It was wild. Three years ago, buyers had to, oftentimes offer more than the asking price, pay all cash. Buyers had to waive contingencies, forgo inspections, and they had to compete with dozens of bidders. I mean, even if you got a home inspection, you pray that the home inspector didn't find anything worse than like charming vintage wiring, because you might have been afraid to ask for some repairs of the seller, and that's because the market was so hot and competitive that you might lose the deal. Fast forward to today, and fewer markets Hold that strong seller's market status. More metros have adequate inventory. And if you're one of our newsletter subscribers, you saw that last week, I sent you a great set of maps that show this. As you probably know, six months of housing supply is deemed as the balance point between buyers and sellers over six months favors buyers under six favors sellers. All right, so let's see where we are now. And by the way, months of housing supply, that phrase is also known as the absorption rate nationally, 4.6 months of resale supply exists. That's the current level, 4.6 months per the NAR now it bottomed out at a frighteningly low one and a half months of supply back in 2022 and it peaked at 12 full months of supply during the global financial crisis, back in 2010 All right, so these are the amounts of resale housing supply available for sale, and we overbuilt homes back in the global financial crisis, everyday people owned multiple homes 15 years ago because virtually anyone could qualify for a loan with those irresponsible lending standards that existed back in that era. I mean, back then, buyers defaulted on payments and walked away from homes and because they had zero down payment in the home. Well, they had zero skin in the game to protect and again, that peaked at 12 months of supply. Now today, Texas and Florida have temporarily overbuilt pockets that are higher than this 4.6 month national number and of course, we have a lot of markets in the Northeast and Midwest that have less than this supply. But note that 4.6 months is still under six months of supply, still favoring sellers just a little, but today's 4.6 months. I mean, that's getting pretty close to historic norms, close to balance. All right, so where is the best buyer opportunity today? Well, understand that. So far, have you picked up on. This we've looked at existing housing supply levels here, also known as resale homes. The opportunity is in new build homes. What's the supply of new construction homes in the US? And understand for perspective that right now, new build homes comprise about 1/3 of the available housing supply. And this might surprise you, we are now up to 9.8 months of new build housing supply, and that's a number that's risen for two years. That's per the Census Bureau and HUD. A lot of builders, therefore, are getting desperate right now, builders have got to sell. The reason that they're willing to cut you a deal is that, see, builders are paying interest costs and maintenance costs every single day on these nice, brand new homes that are just languishing, just sitting there. Understand something builders don't get the benefit of using a home. Unlike the seller family of a resale or existing home, see that family that has a resale home on the market, they get the benefit of living in it while it's on the market. This 9.8 months of new build supply is why buyers are willing to cut you a deal right now, including builders that we work with here at GRE marketplace. Keith Weinhold 16:30 And we're going to talk to a builder on the show next week and get them to tell us how desperate they are. In fact, it's a Florida builder, and we'll learn about the incentives that they're willing to cut you they're building in one of these oversupplied pockets. So bottom line is that overall, an increasing US housing supply should keep home prices moderating. They're currently up just one to 2% nationally, and more supply means better options for you. Hey, let's talk about this very show that you're listening to, the get rich education podcast. What do you like to do while you're listening to the show? In fact, what are you doing right now while you're listening to the show? Well, in a recent Instagram poll, we asked our audience that very question you told us while listening to the show, 50% of you are commuting, 20% are exercising, 20% are at work, and 10% are doing home chores like cleaning or dishes. Now is this show the number one real estate investing podcast in the United States, we asked chatgpt that very question, and here's how they answered. They said, Excellent question. Real estate investing podcasts have exploded over the past 10 to 12 years, but only a handful have true long term staying power. Here's a list of some of the longest running, consistently active real estate investing podcasts that have built serious legacies. And you know something, we are not number one based on those criteria. This show is ranked number two in the nation. Number one are our friends at the real estate guys radio show hosted by Robert Helms. How many times have I recommended that you go ahead and give them a listen? Of course, I'm just freshly coming off spending nine days with them as one of the faculty members on their summit at sea. Their show started in 1997Yes, on actual radio, before podcasts even existed, and chat GPT goes on to say that they're one of the OGS in the space. It focuses on market cycles, investing strategies and wealth building principles known for its international investor perspective and high profile guests like Robert Kiyosaki. All right, that's what it says about that show. And then rank number two is get rich. Education with me started in 2014 and it goes on to say that this is what the show's about. It says it's real estate centric with a macroeconomic and financial freedom philosophy. It focuses on buy and hold investing, inflation, debt strategy and wealth building. Yeah, that's what it says. And I'd say that's about right? And this next thing is interesting. It describes the host of the show, me as communicating with you in a way that's clear, calm and slightly academic. That's what it says. And yeah, you've got to be clear. Today. There's so much competing for your attention that if I'm not clear with you, then I'm not able to help you calm. Okay? I guess I remain calm. And then finally, slightly academic. I. Hadn't thought about that before. Do you think that I'm slightly academic in my delivery? I guess that's possible. It's appropriate for a show with the word education in our name. I guess it makes sense that I'd be slightly academic. So that fits. I wouldn't want to be heavily academic or just academic, because that could get unrelatable. So there's your answer. The number two show in the nation for real estate investing. Keith Weinhold 20:29 How are things going with your rental properties? Anyway, I had something interesting happen to me here these past few months. Now I have a property manager in one market that manages quite a few of my properties, all these single family homes and I had five perfect months consecutively as a real estate investor. A perfect month means when you have 100% occupancy, 100% rent collection, and zero maintenance or repair costs. Well, this condition went on for five months with every property that they managed. For me, which is great, profitable news, but that's so unusual to have a streak like that, it kind of makes you wonder if something's going wrong. But the streak just ended. Finally, there was a $400 expense on one of these single family homes. Well, this morning, the manager emailed me about something else. One of my tenants leases expires at the end of next month. I mean, that's typical. This is happening all the time with some property, but they suggested raising the rent from $1,700 up to 1725, and I rarely object to what the property manager suggests. I mean, after all, they are the expert in that local market. That's only about a one and a half percent rent increase, kind of slow there. But again, we're in this era where neither home price growth nor rent growth have been exceptional. Keith Weinhold 22:02 I am in upstate Pennsylvania today. This is where I'm from. I'm here for my high school class reunion. And, you know, it's funny, the most interesting people to talk to are usually the people that have moved away from this tiny town in Appalachia, counter sport, Pennsylvania, it's not the classmates that stayed and stuck around there in general are less interesting. And yes, this means I am sleeping in my parents home all week. I know I've shared with you before that Curt and Penny Weinhold have lived in the same home and have had the same phone number since 1974 and I sleep in the same bedroom that I've slept in since I was an infant every time that I visit them. Kind of heartwarming. In a few days, I'm going to do a tour of America's first and oldest pretzel bakery in Lititz, Pennsylvania with my aunts and uncles to review what you've learned so far today, put your life first and then build your income producing activity around that. Many college towns are demographically doomed, and even more, have peaked and are on their way down. Overall American residential real estate supply is up. We're now closer to a balanced market than a seller's market. We've discussed the distress in the five plus unit apartment building space owners and syndicators started having their deals blow up, beginning in 2022 when interest rates spiked on those short term and balloon loans that are synonymous with apartment buildings. When we talked to Ken McElroy about it a few weeks ago on the show, he said that the pain still is not over for apartment building owners. Keith Weinhold 23:51 coming up next, we'll talk about it from a different side, as I'll interview a commercial real estate lender and get her insights. I'll ask her just how bad it will get. And this guest is rather interesting. She's just 29 years old, really bright and articulate, and she founded her own commercial real estate lending firm. She and I recorded this on a cruise ship while we're on the real estate guys Investor Summit at sea a few weeks ago. So you will hear some background noise, you'll get to meet her next I'm Keith Weinhold. There will only ever be one. Get rich education podcast episode 563 and you're listening to it. Keith Weinhold 24:31 The same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS 42056, they provided our listeners with more loans than anyone because they specialize in income properties, they help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President Caeli Ridge personally, while it's on your mind, start at Ridge lendinggroup.com that. Ridge lendinggroup.com, you know what's crazy? Keith Weinhold 25:03 Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66 866, to learn about freedom family investments, liquidity fund, again, text family to 66866 Caeli Ridge 26:13 this is Ridge lending group's president, Caeli Ridge. Listen to get rich education with key blind holes. And remember, don't quit your Daydream. Keith Weinhold 26:31 Hey, Governor, education nation, Keith Weinhold, here we're on a summit for real estate on a cruise ship, and I'm with Hannah Hammond. She's the founder of HB capital, a commercial real estate lending firm, and the effervescent host of the Hannah Hammond show. Hey, it's great to chat Hannah Hammond 26:48 you too. It's been so great to get to know you on this ship, and it's been a lot of fun, Keith Weinhold 26:51 and we just met at this conference for the first time. Hannah just gave a great, well received presentation on the state of the commercial real estate market. And the most interesting thing, and the thing everyone really wants to know since she lends for five plus unit apartment buildings as well, is about the commercial real estate interest rate resets. Apartment Building values have fallen about 30% nationwide, and that is due to these resetting loans. So tell us about that. Hannah Hammond 27:19 Yeah, so there is a tidal wave of commercial real estate debt coming due in 2025 some of that has already come due, and we've been seeing a lot of the distressed assets start to hit the market in various asset classes, from multifamily, industrial, retail and beyond. And then, as we continue through 2025 more of that title, weight of debt is going to continue to come due, which is estimated to be around $1 trillion of debt. Keith Weinhold 27:44 That's huge. I mean, that is a true tidal wave. So just to pull back really simply, we're talking about maybe an apartment building owner that almost five years ago might have gotten an interest rate at, say, 4% and in today's higher interest rate environment that's due to reset to a higher rate and kill their cash flow and take them out of business. Tell us about that. Hannah Hammond 28:03 Yeah. So a lot of investors got caught up a few years ago when rates were really low, and they bought these assets at very low cap rates, which means very high prices, and they projected, maybe over projected, continuous rent growth, like double digit rent growth, which many markets were seeing a few years back, and that rent growth has actually slowed down tremendously. And so much supply hit the market at the same time, because so much construction was developed a few years back. And so now there's a challenge, because rents have actually dropped. There's an overage of supply. Rates have doubled. You know, people were getting apartment complexes and other assets in the two or 3% interest rate range. Now it's closer to the six to 7% interest rate range, which we all know it just doesn't really make numbers work. Every 1% increase in interest you'd have to have about a 10% drop in value for that monthly payment to be the same. So that's why we're seeing a lot of distress in this market right now, which is bad for the people that are caught up on it, but it's good for those who can have the capital to re enter the market at a lower basis and be able to weather this storm and ride the wave back up Keith Weinhold 29:08 income down, expenses up. Not a very profitable formula. Let's talk more about from this point. How bad can it get? We talked about 1 trillion in loans coming due this calendar year tell us about how bad it might be. Hannah Hammond 29:23 So it's estimated that potentially 25% of that $1 trillion could be in potential distress. And of course, if two $50 billion of commercial real estate hit foreclosure all at the same time, that would be pretty catastrophic, and there would be a massive supply hitting the market, and therefore a massive reduction in property values and prices. And so a lot of lenders have been trying to mitigate the risk of this happening, and all of this distress debt hit the market at one time. And so lenders have been doing loan modifications and loan extensions and the extend and pretend, quote. Has been in play since back in 2025 but a lot of those extensions are coming due. That's why we're feeling a little bit more of a slower bleed in the commercial market. But you know, in the residential market, we're not seeing as much distress, because so many people have those fixed 30 year rates. But in commercial real estate, rates are generally not fixed for that long. They're more they could be floating get or they might only be fixed for five years, and then they've reset. And that's what we're seeing now, is a lot of those assets that were bought within the last five years have those rate caps expiring, and then the rates are jacking it up to six to 7% and the numbers just don't make sense anymore. Keith Weinhold 30:36 That one to four unit space single family homes up fourplexes has stayed relatively stable. We're talking about that distress and the five plus unit multi family apartment space. So Hannah, when we pull back and we look at the lender risk appetite and the propensity to lend and to want to make loans, of course, that environment changes over time. I know that all of us here at the summit, we learn from you in your presentation that that can vary by region in the loan to value ratio and the other terms that they're talking about giving. So tell us about some of the regional variation. Where do people want to lend and where do people want to avoid making loans Hannah Hammond 31:11 Exactly? And we were talking about this is every single region is so different, and there's even micro markets within certain cities and metropolitan areas, and the growth corridors could have a very different outlook and performance than even in the overexposed metro areas. So lenders really pay attention to where the capital is flowing to. And right now, if you look at u haul reports and cell phone data, capital is flowing mostly to the Sun Belt states, and it's leaving the Rust Belt states. So this is your southeast states, your Texas, Florida, Arizona, and these types of regions where a lot of people are leaving some of the Rust Belt states like San Francisco, Chicago, New York, where those markets are being really dragged down by all this office drag from all the default rates in these office buildings that have continued to accumulate post COVID. So the lender appetite is going to shift Market to Market, and they really pay attention to the asset class and also the region in which that asset class is located. And this can affect the LTV, the amount of money that they're going to lend based on the value of the property, also the interest rate and the DSCR ratios, which is how much above the debt coverage the income has to be for the lender to lend on that asset. Keith Weinhold 32:26 So we're talking about lenders more willing to make loans in places where the population is moving to Florida, other markets in the Southeast Texas, Arizona. Is that what we're talking about here. Hannah Hammond 32:37 exactly, and even on the equity side, because we help with equity, like JV equity or CO GP equity, on these development projects or value add projects. And a lot of my equity investors, they're like, Nah, not interested in that state. But if it's in a really good Sunbelt type market, then they have a better appetite to lend in those markets. Keith Weinhold 32:56 Was there any last thing that we should know about the lending environment? Something that impacts the viewers here, maybe something I didn't think about asking you? Hannah Hammond 33:04 I mean, credit is tight, but there's tons of opportunity. Deals are still happening. Cre originations are actually up in 2025 and projected to land quite a bit higher in 2025 at about 660, 5 billion in originations, versus 539 billion in 2024 so the good news is, deals are happening, movements are happening, purchases and sales are happening. And we need movement to have this market continue to be strong and take place, even though, unfortunately, some investors are going to be stuck in that default debt and they might lose on these properties, it's going to give an opportunity for a lot of other investors who have been kind of sitting on the sidelines, saving up capital and aligning their capital to be able to take advantage of these great deals. Because honestly, we all know it's been really hard to make deals pencil over the past few years, and now with some of this reset, it's going to be a little bit easier to make them pencil. Keith Weinhold 33:04 This is great. Loans are leverage, compound leverage, trunks, compound interest, leverage and loans are really key to you making more of yourself. Anna, if someone wants to learn more about following you and what you do, what's the best way for them to do that? Hannah Hammond 33:42 At Hannah B Hammond on Instagram, my show, the Hannah Hammond show, is also on all platforms, YouTube, Instagram, Spotify, Apple, and if you shoot me a follow and a message on Instagram, I will personally respond to and would love to stay connected and help with any questions you have in the commercial real estate market. Keith Weinhold 34:27 Hannah's got a great presence, and she's great in person too. Go ahead and be sure to give her a follow. We'll see you next time. Thank you. Keith Weinhold 34:40 Yeah. Sharp insight from Hannah Hammond, there $1 trillion in commercial real estate debt comes due this year. A quarter of that amount, $250 billion is estimated to be in distress or default. This could keep the values of larger apartment buildings suppressed. Even longer, as far as where today's opportunity is, next week on the show, we'll talk to a home builder in Florida, ground zero for an overbuilt market, and we'll see if we can sense the palpable desperation that they have to move their properties and what kind of deals they're giving buyers. Now until next week, I'm your host, Keith Weinhold, do the right thing before you do things right out there, and don't quit your Daydream. Speaker 3 35:33 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively. Keith Weinhold 35:56 You know, whenever you want the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you'll also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre 266, 866, while it's on your mind, take a moment to do it right now. Text, gre 266, 866, Keith Weinhold 37:12 The preceding program was brought to you by your home for wealth, building, getricheducation.com.
Molly Kinder, fellow in Brookings Metro, reflects on the moral and ethical dimensions of artificial intelligence, work, and workers, as she lays out in her recent paper, “The unexpected visionary: Pope Francis on AI, humanity, and the future of work.” Kinder addresses the late Pope Francis's leadership on this issue, and look ahead to how Pope Leo XIV will continue the Church's attention to this fundamental challenge. Show notes and transcript. Follow The Current and all Brookings podcasts on Apple, Spotify, or wherever you get your podcasts. Send feedback email to podcasts@brookings.edu.
In this episode of City Talks Andrew Carter, Chief Executive of Centre for Cities, is joined by Mark Muro, senior fellow at Brookings Metro, to discuss place based industrial strategy. They explore what the UK can learn from the US, the CHIPS Act, as well as the implications of Donald Trump's re-election.
Top 5 CliftonStrengths: Ideation | Strategic | Arranger | Futuristic | Analytical Andre M. Perry is a Senior Fellow at Brookings Metro, Director of Brookings' Center for Community Uplift, and a scholar-in-residence at American University. A respected commentator on race, inequality, and education, he authored Know Your Price: Valuing Black Lives and Property in America's Black Cities. Perry regularly contributes to MSNBC and has been featured in major outlets like The New York Times, The Washington Post, and CNN.For more interviews visit leadingwithstrengths.com Transcripts available upon request
Jenny Schuetz, a senior fellow at Brookings Metro, says that changes to zoning laws and more action at the state and federal level could help address Kansas City's housing problems. Schuetz will speak at the Kansas City Public Library this coming Wednesday.
The administrative and financial costs of disaster recovery have increased in recent years, exacerbated by the changing climate. The 122 separate billion-dollar disasters occurring between 2016 and 2022 in the U.S. represented more than $1 trillion in damages and claimed 5,000 lives. A significant portion of that expense was incurred by seven Category 4 and 5 hurricanes that made landfall in the Ten Across region or along the Atlantic Coast. Yet this figure doesn't begin to encapsulate the full range of climate-related losses in the U.S., nor the less visible but steadily accumulating costs of adapting infrastructure to withstand more frequent and destructive weather events. Federal legislation has moved toward addressing these potential risks to the built enviornment, human health, and the economy. The 2021 Bipartisan Infrastructure Law and 2022 Inflation Reduction Act represent the largest surge in climate action funding in U.S. history. Combined, they account for a trillion dollars of investments over ten years. The funding incentivizes all sectors to build climate security by scaling up the clean energy economy and redressing environmental and economic injustices, past and present. Listen in as Ten Across founder Duke Reiter and Xavier de Souza Briggs, a senior fellow at Brookings Metro and member of the Biden-Harris transition team, discuss the strategy behind these dollars and what gaps remain to be addressed to ensure greater climate resilience and equity within this corridor and the nation. Articles/sources referenced in this podcast: “Community Development in the Critical Climate Decade” (Federal Reserve Bank of New York, 2024, Briggs and Donovan) “America is witnessing the birth of a new industrial policy. Here's how to make sure it benefits workers and entrepreneurs across the country, not just a handful of superstar urban regions” (Fortune Magazine, September 2022, Briggs and Muro) “Arizona Voters' Agenda: Voters Want to Protect Environment, Addressing Forest Fires and Air Quality Among Priorities” (Center for the Future of Arizona, June 2022) “A More Democratic Federalism?” (Democracy Fall 2021 issue, Briggs and Rogers) The Geography of Opportunity: Race and Housing Choice in Metropolitan America (2005) by Xavier de Souza Briggs
On the Debtwire Municipals Muni Lowdown podcast, Managing Editor Paul Greaves speaks with Tracy Hadden Loh, a fellow with Brookings Metro and Reporter Kunal Kamal about declining commercial real estate valuations and property tax revenues.Tracy kicks off the podcast by providing us a framework for understanding that issues as significant as commercial real estate (CRE) declines require structural, as opposed to cyclical solutions.Tracy then explains the concept of a “doom loop”.Tracy proceeds to explain “office to housing myths” and whether office-to-residential conversions represent a viable strategy.The conversation then shifts to Tracy discussing the varying downtown recoveries in cities across the country and whether there are a common set of factors to explain the diverging trends.Tracy provides some context on the role mass transit can play in a healthy CRE market.The podcast concludes with Tracy explaining what steps municipalities can take in facing the challenges of a declining CRE market and the resulting decrease in property tax revenues.#CRE #propertytaxes #muniland
The recent collapse of the Francis Scott Key bridge in Baltimore after being struck by a container ship is both a human tragedy and an economic disaster. Six construction workers doing repair work on the bridge lost their lives when it plunged into the cold Patapsco River. The wreckage of the bridge now sits in the channel that connects Baltimore Harbor to the Chesapeake Bay, effectively closing the Port of Baltimore. Joe Kane, a fellow in Brookings Metro, talks about the economic impacts of the disaster and prospects for rebuilding the bridge.
In part one of our interview with Brookings Metro fellow Tracy Hadden Loh, we discussed lasting influences of post-pandemic work trends on urban design and governance. Although it is the most recent example, the COVID-19 pandemic is not the first major disruptor of economic activity within major U.S. metros, and it certainly will not be the last. A century earlier, the widespread adoption of automobiles changed the way metropolitan areas function to this day, allowing for mass migration to the outlying suburbs of once-booming central cities. Knowing that perennial industrial and population growth is a fickle thing to maintain, more city leaders, developers, and urban planners are re-acquainting themselves with the idea of ‘placemaking' as a method for creating a resilient community culture. Popularized in the mid-twentieth century by pioneers like Jane Jacobs and William H. Whyte, the placemaking movement in the U.S. has long lauded the potential for urban living to foster human connections. Placemaking has since seen a twenty-first-century revival that has gained renewed energy as urban advocates aim to recover city life that was lost during the pandemic—with new insights into the values of equity and sustainability. In this second and final half of their discussion, Tracy Hadden Loh and Ten Across founder Duke Reiter will discuss the ambitions of the placemaking movement, and how it can improve the urban issues that were covered in the previous episode. Articles and sources referenced in this episode by order of appearance: “New census estimates show a tepid rise in U.S. population growth, buoyed by immigration” (Brookings, January 2023) Hyperlocal: Place Governance in a Fragmented World (Vey, S. Jennifer; Storring, Nate, 2022) “How a ‘Golden Era for Large Cities' Might Be Turning Into an ‘Urban Doom Loop'” (The New York Times, November 2022) “The Perfect Height for Urban Buildings” (Next City, February 2024) “Opinion: A Life Without a Home” (The New York Times, February 2024) “Homelessness in US cities and downtowns” (Brookings, December 2023) “AG suing Arizona landlords for ‘corrupting' market, colluding to keep rents high” (12News, February 2024)
The COVID-19 pandemic and subsequent rise in remote work sent a ripple through most U.S. cities. Heavy office districts became ghost towns, public transit services struggled, and downtown brick and mortar retail spaces emptied in response to a sudden drop in foot traffic. During this period, there was also a significant migration of remote workers from more crowded and expensive cities like New York or San Francisco to the suburbs and more affordable metros in the I-10 corridor. Some have referred to this rapid rearrangement of Americans, which has slowed a bit in the years since the pandemic began, as the ‘Great Reshuffle.' From 2020 to 2021, Los Angeles saw a net loss of 175,000 residents, who left the city for surrounding suburbs like Riverside or smaller metros in the Sun Belt. Over this same period, Dallas, Phoenix, Houston, and Austin were major metros that saw the greatest population gains in the nation. With the location of work becoming less of a requirement or priority for people's choice to live in a city, how can public and private sector leaders ensure economic and cultural resilience within their communities? How can its zoning, hard infrastructure, and building stock become more adaptable to a constantly changing world? Listen in as Ten Across founder Duke Reiter and Brookings Metro fellow Tracy Hadden Loh discuss these questions and more, in this first half of a two-part discussion on the urban planning evolution taking place within the Ten Across region and beyond. Articles referenced in this episode: “Myths about converting offices into housing—and what can really revitalize downtowns” (Brookings, April 2023) “The geography of crime in four U.S. cities: Perceptions and reality” (Brookings, April 2023) “Ensuring the intertwined post-pandemic recoveries of downtowns and transit systems” (Brookings, August 2023) “Metro Phoenix is in dire need of apartments. Here's how developers are getting it done” (AZCentral, January 2024)
As we embark on a new year, we're all thinking about fixing things. I bumped this podcast up on my list, because Tracy Hadden Loh has a much bigger and more inspiring fix list than most of us do. Tracy is bi-racial and has experienced inequity first hand. Even as a young child she knew something was wrong. Her career has been a purposeful exploration of how to fix things. As a Fellow with the Center for Transformative Placemaking at Brookings Metro, a branch within the Brookings institution, Tracy focuses on cities, downtown metropolitan areas, placemaking, diversity in cities and reinventing cities post-pandemic. And of course, fixing things. If you'd like to join me in my quest to rethink real estate, there are two simple things you can do. Share this podcast and go to RethinkRealEstateForGood.co where you can subscribe to be the first to hear about my podcasts, blog posts and other goodies.
From Philadelphia to New York, Detroit to Salt Lake City, Los Angeles to San Diego, cities are experiencing the post-pandemic era very differently. And while there is no one-size-fits-all solution, there are fundamental principles that any city can use to guide its approach to recovery. In today's episode of The CityAge Podcast, brought to you by FLO EV Charging, we explore this topic in depth with Tracy Loh. She is a Fellow with the Anne T. and Robert M. Bass Center for Transformative Placemaking at Brookings Metro, a part of the Brookings Institution, a think tank in Washington, DC.Tracy and Lisa chat about the future of downtowns, commercial real estate and pandemic recovery, as well as picking their own favorite cities to live in.
Today I am joined by Joseph Kane, a Fellow at Brookings Metro, a program of The Brookings Institution. His work focuses on a wide array of built environment issues, including transportation and water infrastructure. Within these areas of research, Kane has explored infrastructure's central economic role across different regions as well as its relationship to opportunity and resilience.
Hanna Love and Manann Donoghoe, senior Brookings Metro researchers, recently published a research report titled “ Atlanta's “Cop City” and the relationship between place, policing, and climate. They join “Closer Look” to talk more about their research that looks at the overlap between climate and over-policing.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The system for declaring disasters and getting federal help dates back a century. For the past 25 years disaster declarations have been on the rise. But according to my next guest, politics, skill at the state and local level, and inconsistency in how federal agencies decide things mean the whole system needs reform. Joining the Federal Drive with more, Brookings Metro fellow Carlos Martin. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The system for declaring disasters and getting federal help dates back a century. For the past 25 years disaster declarations have been on the rise. But according to my next guest, politics, skill at the state and local level, and inconsistency in how federal agencies decide things mean the whole system needs reform. Joining the Federal Drive with more, Brookings Metro fellow Carlos Martin. Learn more about your ad choices. Visit megaphone.fm/adchoices
There's a lot at stake in the artificial intelligence race, and although it may feel like it’s everywhere, the U.S. AI race is primarily playing out in just a few places — specifically, hubs that offer AI entrepreneurs advantages like capital, talent and more. That helps explain why so many AI companies, patents, job opportunities and so much else are concentrated in Silicon Valley and other very expensive, mostly coastal U.S. cities, said Mark Muro, a senior fellow at Brookings Metro. Marketplace’s Lily Jamali spoke with Muro about that concentration and what it means for AI development going forward.
There's a lot at stake in the artificial intelligence race, and although it may feel like it’s everywhere, the U.S. AI race is primarily playing out in just a few places — specifically, hubs that offer AI entrepreneurs advantages like capital, talent and more. That helps explain why so many AI companies, patents, job opportunities and so much else are concentrated in Silicon Valley and other very expensive, mostly coastal U.S. cities, said Mark Muro, a senior fellow at Brookings Metro. Marketplace’s Lily Jamali spoke with Muro about that concentration and what it means for AI development going forward.
Today on Midday, guest host Jayne Miller explores the prospects for adopting a regional approach to governing Baltimore City and Baltmore County, and possibly reunifying them under a single regional government... Since the mid 1800s, when the Maryland legislature split Baltimore City and Baltimore County into two jurisdictions, the two have operated more or less independently, each with its own local government, agencies, and tax system. Today, Baltimore City is one of just two "free-standing" cities in the country, unable to access resources of its wealthier surrounding county. Why did the split happen? What shared governance is already in place? Is it time to end this separation and unite the region into a single jurisdiction, a "Greater Baltimore?" Joining Jayne in Studio A to explore these questions are two keen observers of the Baltimore metropolitan region: Ron Cassie is a veteran Baltimore writer, journalist and senior editor at Baltimore Magazine. He's also the author of If You Love Baltimore, It Will Love You Back: 171 Short But True Stories," his 2020 collection of a decade's worth of articles he'd written covering the city and its environs. Jennifer Vey is an urban policy expert and a Senior Fellow with Brookings Metro and director of the Anne T. and Robert M. Bass Center for Transformative Placemaking. She focuses on way to make communities more vibrant, connected and inclusive.See omnystudio.com/listener for privacy information.
New York and other cities have struggled to fully bounce back from the pandemic, in part because many people who can work from home either part or full time are choosing to do so. That means a lot less money is being spent in shops and restaurants. Expensive office buildings are standing partially empty and fewer passengers are paying subway and bus fares. Reporters Emma Court and Donna Borak join this episode to talk about how work from home is transforming city life and costing downtowns billions. Tracy Hadden Loh, a fellow at Brookings Metro, explains how, as she puts it, cities can reinvent themselves to be go-to places not just between the hours of 9-5, but 5-9. Read more: https://bloom.bg/3jOsY8Z Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
In episode 178 of America Adapts, we dig into the Infrastructure Investment and Jobs Act (IIJA) as a catalyst for transformational adaptation. Joining the podcast: Adie Tomer of the Brookings Institution talks about their infrastructure resource hub; Shalini Vajjhala of re:focus partners returns to discuss how they are helping local communities be strategic in their adaptation planning and finding practical approaches for grant applications; Brandon Kay of Tempe Arizona and Tom Jacobs of the Kansas city region, discuss how their communities are using their existing adaptation planning efforts to help them apply for funds. Bonus conversations: Samantha Medlock, the General Counsel for the now sunsetted U.S. House Select Committee on the Climate Crisis and Chad Nelson from Infrastructure Canada. These experts are in the thick of climate planning and they will offer useful advice on how your community or organization and apply for this adaptation funding. If done effectively, this infrastructure funding can lead to transformational adaptation. Topics covered: What is the Infrastructure and Jobs Investment Act. How can local communities tap into the Act's funding. The role of regional collaboration in grant applications. Environmental and climate justice embedded in the Act. The legislative history of the Investment Act. Infrastructure and Adaptation Resource Hub Adaptation in Tempe, Az and the Kansas City region. Infrastructure and adaptation in Canada. Experts in this Episode: Adie Tomer, Senior Fellow at Brookings Metro at the Brookings Institution Shalini Vajjhala, Founder and CEO of Re:focus Partners Braden Kay, Director of Sustainability for the City of Tempe, Arizona Samantha Medlock, former Senior Counsel, Select Committee on the Climate Crisis at U.S. House of Representatives Tom Jacobs, Director, Environmental Programs, Mid-America Regional Council Chad Nelson, Principal Advisor for Climate Adaptation and Resilience, Infrastructure Canada This episode was generously sponsored by the Genesee Mountain Foundation. Check out the America Adapts Media Kit here! Subscribe to the America Adapts newsletter here. Battelle Information Innovations in Climate Resilience Conference https://www.battelle.org/conferences/conference-on-innovations-in-climate-resilience General email is climateconf@battelle.org Media inquiry contact is TR Massey masseytr@battelle.org ICR23 Call for Abstracts: Download here ICR22 On-Demand: Access all proceedings, presentations, videos, and photos here Donate to America Adapts Listen to America Adapts on your favorite app here! Facebook, Linkedin and Twitter: https://www.facebook.com/americaadapts/ @usaadapts https://www.linkedin.com/in/doug-parsons-america-adapts/ @BrookingsInst @BrookingsMetro @AdieTomer @ShaliniVajjhala @SamMedlockCFM @MARCKCMetro Resources and Links in this episode: Brookings Federal Infrastructure Hub https://www.brookings.edu/interactives/brookings-federal-infrastructure-hub/ Resources mentioned by Tom Jacobs of Marchttps://kcmetroclimateplan.org/ www.marc.org https://www.brookings.edu/experts/adie-tomer/ https://www.refocuspartners.com/team/ Infrastructure Canada -- https://www.infrastructure.gc.ca/index-eng.html Solving the Climate Crisis: Building a Vibrant and Just Clean Energy Environment https://www.congress.gov/116/chrg/CHRG-116hhrg41340/CHRG-116hhrg41340.pdf Canada's National Adaptation Strategy https://www.infrastructure.gc.ca/nia-eni/index-eng.html Donate to America Adapts Follow on Apple Podcasts Follow on Android Doug Parsons and Speaking Opportunities: If you are interested in having Doug speak at corporate and conference events, sharing his unique, expert perspective on adaptation in an entertaining and informative way, more information can be found here! Now on Spotify! List of Previous Guests on America Adapts Follow/listen to podcast on Apple Podcasts. Donate to America Adapts, we are now a tax deductible charitable organization! Federal Reserve Bank of San Francisco Strategies to Address Climate Change Risk in Low- and Moderate-income Communities - Volume 14, Issue 1 https://www.frbsf.org/community-development/publications/community-development-investment-review/2019/october/strategies-to-address-climate-change-low-moderate-income-communities/ Podcasts in the Classroom – Discussion guides now available for the latest episode of America Adapts. These guides can be used by educators at all levels. Check them out here! The 10 Best Sustainability Podcasts for Environmental Business Leadershttps://us.anteagroup.com/news-events/blog/10-best-sustainability-podcasts-environmental-business-leaders The best climate change podcasts on The Climate Advisor http://theclimateadvisor.com/the-best-climate-change-podcasts/ 7 podcasts to learn more about climate change and how to fight it https://kinder.world/articles/you/7-podcasts-to-learn-more-about-climate-change-and-how-to-fight-it-19813 Directions on how to listen to America Adapts on Amazon Alexa https://youtu.be/949R8CRpUYU America Adapts also has its own app for your listening pleasure! Just visit the App store on Apple or Google Play on Android and search “America Adapts.” Join the climate change adaptation movement by supporting America Adapts! Please consider supporting this podcast by donating through America Adapts fiscal sponsor, the Social Good Fund. All donations are now tax deductible! For more information on this podcast, visit the website at http://www.americaadapts.org and don't forget to subscribe to this podcast on Apple Podcasts. Podcast Music produce by Richard Haitz Productions Write a review on Apple Podcasts ! America Adapts on Facebook! Join the America Adapts Facebook Community Group. Check us out, we're also on YouTube! Executive Producer Dr. Jesse Keenan Subscribe to America Adapts on Apple Podcasts Doug can be contacted at americaadapts @ g mail . com
The panel of experts discuss the future of downtowns in American cities as office vacancy numbers remain high and public transportation usage remains low. Our panel of experts includes Howard Cure, director of municipal bond research, Evercore Wealth Management; Steven J. Davis, senior fellow, Hoover Institution, and professor of business and economics, University of Chicago Booth School of Business; Tracy Hadden Loh, fellow, Anne T. and Robert M. Bass Center for Transformative Placemaking, Brookings Metro; Stijn Van Nieuwerburgh, Earle W. Kazis and Benjamin Schore professor of real estate and professor of finance, Columbia University's Graduate School of Business; and Romy Varghese, politics editor, Bloomberg News. Notable Quotes: “There's no one-size-fits-all problem or solution. In some cities and regions, these losses are quite urgent, and are yielding fiscal and operational crises in the very near term. In others, these impacts may take years to fully manifest, in part due to one-time federal financial aid.” - Tracy Hadden Loh “Now there is widespread acceptance that remote work is here to stay and now they're [city officials] focusing on different ways to bring people back into the downtown…It is going to take a really long time for these recommendations [to attract businesses] to be implemented and it's really going to take a change in mindset because for so long, business came to San Francisco.” - Romy Varghese “The stakes are higher now than they were before the pandemic with respect to getting the right mix of the right local policies. Cities that get it right, either by virtue of a well-functioning political system or just being endowed with amenities that people value – those cities are well-positioned to benefit from the shift to work-from-home.” - Steven J. Davis “In the long run we are sort of going through this revolutionary change, which will take decades to play out and which will basically call for a major reallocation of space away from office to residential.” - Stijn Van Nieuwerburgh “You have a number of vacancies, you're having turnover come in, and because of that, I think you really have to pay attention to the people who are applying and the quality of the people applying for these jobs.” - Howard Cure Be sure to subscribe to Special Briefing to stay up to date on the world of public finance. Learn more about the Volcker Alliance at: volckeralliance.org Learn more about Penn IUR at: penniur.upenn.edu Connect with us @VolckerAlliance and @PennIUR on Twitter, Facebook and LinkedIn Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.
The American Rescue Plan Act was signed on March 11, 2021. Less than two weeks later, $81 billion was released to states across the country. This hour on Where We Live, we hear from experts on the state of ARPA spending in Connecticut. How is money being used to support housing, education and infrastructure? Municipalities must allocate funds by December 2024 and fully spend them by December 2026. Guests Susan Raff: Chief Political reporter at WFSB Alan Berube: Interim Vice President and Director of Brookings Metro at the Brookings Institution Bilal Tajildeen: Co-Founder of It's Time Waterbury Darrell Bradford: President of the John Read Middle School PTA Where We Live is available as a podcast on Apple Podcasts, Spotify, Google Podcasts, Stitcher, or wherever you get your podcasts. Subscribe and never miss an episode!Support the show: http://wnpr.org/donateSee omnystudio.com/listener for privacy information.
Andrew is joined by Mark Muro, Senior Fellow at Brookings Metro, to discuss the US Government's Creating Helpful Incentives to Produce Semiconductors and Science Act (the CHIPS Act), recently signed into law by President Joe Biden. This episode examines how the new $280bn programme can drive growth and innovation across US cities and what lessons could be learned for the UK's levelling up agenda.
Nearly three years of into the on-going pandemic and there's still plenty of unused office spaces in most downtowns right now.The City of Calgary is leading the trend of office to residential space conversion projects. So much so that American media in San Francisco and other places has picked up on it. This kind of urban revitalization is called "adaptive re-use," and it turns out, it's not actually as inexpensive or easy to do as it seems. So, what's required to get office conversion projects off the ground, in terms of legislation, but also, just, practically? And could this plan scale up quickly, to solve a housing crisis?Guest: Tracy Hadden Loh, Fellow with the Anne T. and Robert M. Bass Center for Transformative Placemaking at Brookings Metro.
Today we are talking with Jenny Schuetz! In addition to being the author of the phenomenal book Fixer-Upper: How to Repair America's Broken Housing Systems, she is a Senior Fellow at Brookings Metro and is an expert in urban economics and housing policy. Before joining Brookings, Jenny worked at the Federal Reserve Board in Washington, D.C. and taught at the University of Southern California.Wanna buy FIXER-UPPER?Wanna know more about FIXER-UPPER? Wanna know more about America's dysfunction(al housing policies)? To hear Jenny in her own words, you can catch her interviews with Ezra Klein on his NYT podcast and with Rachel, Jasmine, and Amanda on The Suburban Women Problem.Come check out our episodes and transcripts at our website, annarboraf.com. Keep the conversation going with fellow Ann Arbor AFers on Twitter and Facebook. And hey, if you wanted to ko-fi us a few dollars to help us with hosting, we wouldn't say no.Support the show
Today we are talking with Jenny Schuetz! In addition to being the author of the phenomenal book Fixer-Upper: How to Repair America's Broken Housing Systems, she is a Senior Fellow at Brookings Metro and is an expert in urban economics and housing policy. Before joining Brookings, Jenny worked at the Federal Reserve Board in Washington, D.C. and taught at the University of Southern California.Wanna buy FIXER-UPPER?Wanna know more about FIXER-UPPER? Wanna know more about America's dysfunction(al housing policies)? To hear Jenny in her own words, you can catch her interviews with Ezra Klein on his NYT podcast and with Rachel, Jasmine, and Amanda on The Suburban Women Problem.Come check out our episodes and transcripts at our website, annarboraf.com. Keep the conversation going with fellow Ann Arbor AFers on Twitter and Facebook. And hey, if you wanted to ko-fi us a few dollars to help us with hosting, we wouldn't say no.Support the show
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Dr. Jenny Schuetz, Senior Fellow at Brookings Metro, to talk about the impact of policy on the housing market. Dr. Schuetz provides insights into how policy can help make housing more affordable, which cities and states are doing a good job with housing policy, and reasons to be optimistic about fixing our housing crisis. She also shares some of the key findings from her recent book: Fixer-Upper: How to Repair America's Broken Housing Systems. About Jenny Schuetz Dr. Jenny Schuetz is a Senior Fellow at Brookings Metro and is an expert in urban economics and housing policy. She has written numerous peer-reviewed journal articles on land use regulation, housing prices, urban amenities, and neighborhood change. Dr. Schuetz has appeared in The New York Times, Wall Street Journal, Washington Post, the PBS NewsHour, The Indicator podcast, Vox, and Slate. Dr. Schuetz is the Author of Fixer Upper: How to Repair America's Broken Housing Systems. Topics of recent research include: how statewide zoning reform could improve housing affordability, local strategies to help renters during the COVID-19 crisis, rethinking homeownership incentives to narrow the racial wealth gap, and how housing costs exacerbate economic and racial segregation. Before joining Brookings, Dr. Schuetz served as a Principal Economist at the Board of Governors of the Federal Reserve System. She was also an Assistant Professor at the University of Southern California and a Postdoctoral Fellow at NYU Furman. Dr. Schuetz is a Nonresident Senior Fellow at GWU's Center for Washington Area Studies and teaches in Georgetown's urban planning program. Dr. Schuetz earned a PhD in public policy from Harvard University, a master's in city planning from MIT, and a bachelor's with highest distinction in economics and political and social thought from the University of Virginia. Here's a glimpse of what you'll learn: Which policies have contributed the most to the current housing inventory crisis? How policy can help make housing more affordable The challenges caused by using homes as a source of wealth How we should be thinking about climate risk and housing Which cities and states are doing a good job with housing policy? Reasons to be optimistic about fixing our housing crisis Featuring Mike Simonsen, CEO of Altos Research A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Dr. Jenny Schuetz on LinkedIn Dr. Jenny Schuetz on Twitter Brookings Metro Fixer Upper: How to Repair America's Broken Housing Systems by Jenny Schuetz Homelessness Is a Housing Problem: How Structural Factors Explain U.S. Patterns by Gregg Colburn and Clayton Page Aldern Mike Simonsen on LinkedIn Altos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!
The United States is in the midst of a housing crisis. Prices are skyrocketing, supply is dwindling, and wages haven't kept up with cost of living. It's a complicated problem, but the good news is that many of its solutions are relatively simple. Jenny Schuetz literally wrote the book on how good policy solutions can help resolve some of the worst pressures on our stressed housing market. Jenny Schuetz is a Senior Fellow at Brookings Metro, and is an expert in urban economics and housing policy. She's also the author of a new book, Fixer-Upper: How to Repair America's Broken Housing Systems. Twitter: @jenny_schuetz Fixer-Upper: How to Repair America's Broken Housing Systems https://www.brookings.edu/book/fixer-upper Don't Think of a Recession https://civicventures.substack.com/p/dont-think-of-a-recession Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer
Tracy Hadden Loh is biracial and has experienced inequity firsthand. Even as a young child, she knew something was wrong. Her career has been a purposeful exploration of how to fix things. These days Tracy is a Fellow with the Center for Transformative Placemaking at Brookings Metro, a branch within the Brookings Institution. There, Tracy focuses on what interests her the most. She is an advocate for cities with a focus on downtown metropolitan areas in the U.S. She writes about placemaking, diversity in cities and reinventing cities post-pandemic. And she's advocating for the great real estate reset. If you'd like to join me in my quest to rethink real estate, there are two simple things you can do. Share this podcast and go to RethinkRealEstateForGood.co, where you can subscribe to be the first to hear about my podcasts, blog posts and other goodies.
Today, a conversation about race and real estate. Tom's first guests are here today to talk about an experience they had that demonstrates the continuing problems that Black homeowners and homebuyers encounter in the housing market. Dr. Nathan Connolly and Dr. Shani Mott teach at Johns Hopkins University. Nathan Connolly is an Associate Professor of History who studies, among other things, redlining and race. He's the Director of the Program in Racism, Immigration, and Citizenship at Hopkins, and the author of book called A World More Concrete: Real Estate and the Remaking of Jim Crow South Florida. Shani Mott is a lecturer in the Africana Studies Department. She studies the use of racial language in fiction and non-fiction in American popular culture. They live with their three children in Homeland, an affluent neighborhood in northeast Baltimore. They are African American. And what happened when they attempted to re-finance the mortgage on their home is the subject of a lawsuit that alleges discrimination in the appraisal process. They join Tom in Studio A. Later in the hour we are joined as well by Dr. Andre Perry. He's a Senior Fellow at Brookings Metro and a scholar-in-residence at American University. He's the author of Know Your Price: Valuing Black Lives and Property in America's Black Cities. Andre Perry joins us on Zoom from National Harbor.See omnystudio.com/listener for privacy information.
This week, President Biden announced a plan to cancel student debt of up to $20,000 for millions of Americans. According to the White House, the plan will affect 95% of borrowers and eliminate debt for almost 45%. But how does the plan work and is it a good idea? Senior Fellow at Brookings Metro and a scholar-in-residence at American University Andre Perry joins the show to discuss the ins-and-outs of the new three-part plan for student loan relief.
Andre M. Perry - Senior Fellow at Brookings Metro, scholar-in-residence at American University and author of “Know Your Price: Valuing Black Lives and Property in America's Black Cities.” President Biden announced a plan to wipe out student loan debt for millions. He joins Tavis to shed light on the implications of this breaking news.
Adie Tomer, senior fellow in Brookings Metro, unpacks three significant pieces of legislation either passed by or pending in Congress—the 2021 infrastructure measure, the CHIPS Act, and the Inflation Reduction Act—and their impact on infrastructure, innovation, and U.S. competitiveness on the global stage. Show notes and transcript: https://brook.gs/3vGTHqE Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.
Dr. Andre M. Perry is a Senior Fellow at Brookings Metro and a scholar-in-residence at American University. A nationally known and respected commentator on race, structural inequality, and education, Perry is the author of the book “Know Your Price: Valuing Black Lives and Property in America's Black Cities. Dr. Perry's pioneering work on asset devaluation has made him a go-to researcher for policymakers, community development professionals, and civil rights groups. Perry co-authored the groundbreaking 2018 Brookings Institution report “The Devaluation of Assets in Black Neighborhoods” and has presented its findings on the price of homes in Black neighborhoods across the country, including to the U.S. House Financial Services Committee. He has extended that report's focus on housing in Black neighborhoods to include other assets such as businesses, schools, and banks. Host of Small Biz Florida, Tom Kindred interviews Dr. Andre M. Perry on his findings in his pioneering work on asset devaluation and keynote presentation at the Florida SBDC Network Annual Conference. Listen to this episode to hear what he had to say! – Check out the Brookings Institution here: https://www.brookings.edu/ – Connect with Dr. Andre M. Perry: https://www.linkedin.com/in/andreperryedu/ For more segments like these, subscribe to Small Biz Florida and Follow the official Small Biz Florida Instagram! (@smallbizflorida) This and the following segments were recorded at this year's first annual Florida SBDC Network Small Business Success Summit hosted at the Grand Hyatt Tampa Bay. – To learn more about the Florida Small Business Development Network, visit their website here
In this podcast, our host Tate Chamberlin discusses the wealth gap and its impact on BIPOC communities and national economic prosperity with esteemed HATCH Montana Lab guests Otho E. Kerr III, Andre M. Perry, and Renay Loper. Otho Kerr, Director of Strategic Partnerships and Community Impact Investing at the Federal Reserve Bank of New York, works to solve crucial environmental, social, and financial problems by advising investments in innovation and equity, moving money to makers. Senior fellow at Brookings Metro, Andre Perry is the author of Know Your Price: Valuing Black Lives and Property in America's Black Cities and the landmark 2018 Brookings Institution report, “The Devaluation of Assets in Black Neighborhoods.” He is a nationally renowned analyst of race, education, and inequality. Impact Strategist Renay Loper is the Vice President of Program Innovation at Pyxera Global, an organization working to develop collaborative partnerships that put people at the center of public, private, and social interests to solve complex global challenges.
Molly Kinder, a fellow in Brookings Metro, discusses with host David Dollar her new report, “Profits and the pandemic” (co-authored with Katie Bach and Laura Stateler), which examines pay practices and financial outcomes during the pandemic-era of 22 of the nation's largest companies. Kinder notes that most of the large companies enjoyed record financial gains during the pandemic, and that while a few did provide workers with pay raises that exceed a living wage, most did not, and the modest wage gains workers did receive have been wiped out by inflation. Show notes and transcript: https://brook.gs/39SgeJ3 Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.
Dr. Maya Rockeymoore Cummings - Nonresident senior fellow at Brookings Metro and the Founder, President and CEO of Global Policy Solutions. She is also the author of the book “RAGEISM: Racism, Ageism, and the Quest for Liberation Policy.” Are Democrats at a precipice--about to fall off a cliff after this next election? What can be done at this point? She joins Tavis to discuss actions Biden could take to try and get some of his agenda passed before November (Hour 1)
This week we're joined by Jenny Schuetz, a senior fellow at Brookings Metro to talk about her new book Fixer Upper. We chat about making housing decisions at the wrong scale, where housing reform would make the most sense around the United States, and how we could use MPOs to better organize regional housing. Follow us on twitter @theoverheadwire Support the show on Patreon http://patreon.com/theoverheadwire Buy books on our Bookshop.org Affiliate site!
Since the early days of the digital revolution, the San Francisco Bay area has played a key role from the rise of the microchip to today’s software giants like Facebook and Google. But why has the tech sector remained so geographically concentrated for so long — and is that something government needs to fix? To answer that question and delve into the recent changes in the geography of the tech sector during the pandemic, I’ve brought on Mark Muro. Mark is a senior fellow at the Brookings Institution, a think tank in Washington, DC, and the policy director of Brookings Metro. He and Yang You recently authored “Superstars, rising stars, and the rest: Pandemic trends and shifts in the geography of tech.”
Since the early days of the digital revolution, the San Francisco Bay area has played a key role from the rise of the microchip to today's software giants like Facebook and Google. But why has the tech sector remained so geographically concentrated for so long — and is that something government needs to fix? To answer that question and delve into the recent changes in the geography of the tech sector during the pandemic, I've brought on Mark Muro. Mark is a senior fellow at the Brookings Institution, a think tank in Washington, DC, and the policy director of Brookings Metro. He and Yang You recently authored “https://www.brookings.edu/research/superstars-rising-stars-and-the-rest-pandemic-trends-and-shifts-in-the-geography-of-tech/ (Superstars, rising stars, and the rest: Pandemic trends and shifts in the geography of tech).”
Amy Liu, vice president and director of Brookings Metro, says that more than ever, cities and metro areas matter for America's future. They are at the forefront of demographic change, innovation, competitiveness, adaptation to climate change, and more. Show notes and transcript: Follow Brookings podcasts on Apple or Google podcasts, or on Spotify. Send feedback email to , and follow us and tweet us at on Twitter. The Brookings Cafeteria is part of the .
William Frey, senior fellow with Brookings Metro, a demographer researching urban populations, migration, immigration, race, aging, political demographics, and the author of Diversity Explosion: How New Racial Demographics are Remaking America (Brookings Institution Press, revised 2018), quizzes listeners on the latest demographic shifts as told by the 2020 census.
CNN made a mistake recently when reporting on their own poll. But, before they could correct it (which they quickly did), Fox picked it up and reported the error as actual results. This situation doesn't help the credibility of news organizations or the polling industry. And it wasn't even the poll's fault!Then, Mark Muro, a Senior Fellow at Brookings Metro, joins to discuss his research on how the Great Resignation may be helping not only workers, but the economy as a whole. It's the kind of counterintuitive look at data we love! Check out his article here: https://www.brookings.edu/blog/the-avenue/2022/01/12/why-the-pandemics-record-breaking-quit-rates-are-a-boon-to-workers/ Follow Mark on Twitter: @MarkMuro1Finally, we look at a poll that is certainly out of the ordinary in both topic and sponsor! Sponsored by Cards Against Humanity, it asks about a Halloween...and Hollywood...favorite.About Poll HubEach week, Poll Hub goes behind the science to explain how polling works, what polls really show, and what the numbers really mean. Poll Hub is produced by the Marist College Institute for Public Opinion, home of America's leading independent college public opinion poll, the Marist Poll.Lee Miringoff (Director of the Marist College Institute for Public Opinion), Barbara Carvalho (Director of the Marist Poll), and Jay DeDapper (Director of Innovation at the Marist Poll) dig deep to give you a look at the inner workings of polls and what they tell us about our world, our country, and ourselves.
On Wednesday, February 16, Brookings Metro hosted an event to assess the state of Black businesses in metropolitan areas across the country, in collaboration with the Path to 15|55 initiative, which endeavors to grow the percentage of Black-owned employer firms. Senior Fellow Andre Perry presented findings from a forthcoming Brookings report, “Black-owned businesses in U.S. cities: The challenges, solutions, and opportunities for prosperity,” and an expert panel explored policy solutions that can build upon the recent rise of small, Black-owned firms and make structural changes that will enable the economy to work for entrepreneurs of all races. Subscribe to Brookings Events on iTunes, send feedback email to events@brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. To learn more about upcoming events, visit our website. Brookings Events is part of the Brookings Podcast Network.
On this episode of the Brookings Cafeteria, an expert on housing policy discusses her new book that addresses America's housing challenges and proposes practical changes to make more housing available and affordable for all Americans. Jenny Schuetz is a senior fellow in Brookings Metro and author of the new book, “Fixer-Upper: How to Repair America's Broken Housing Systems,” publishing this month by Brookings Institution Press. You can find it on our website, Brookings.edu. She's interviewed by Brookings Press Director Bill Finan. Show notes and transcript: Follow Brookings podcasts on Apple or Google podcasts, or on Spotify. Send feedback email to , and follow us and tweet us at on Twitter. The Brookings Cafeteria is part of the .
Andre Perry, a senior fellow in Brookings Metro and author of “Know Your Price: Valuing Black Lives and Property in America's Black Cities,” published in 2020 by Brookings Institution Press, talks about a new partnership with the NAACP that focuses on the strengths and assets of Black majority cities that are worthy of increased investment. Show notes and transcript: Follow Brookings podcasts on Apple or Google podcasts, or on Spotify. Send feedback email to , and follow us and tweet us at on Twitter. The Brookings Cafeteria is part of the .
Topic: Dr. Maya Rockeymoore Cummings (Nonresident Senior Fellow at The Brookings Institution) shares advice to help accomplished, and aspiring, leaders navigate failure, communicate more effectively with those around them, and manage their energy so that they can consistently perform at their best. Today's guest: Dr. Maya Rockeymoore Cummings is a nonresident senior fellow at Brookings Metro and the Founder, President and CEO of Global Policy Solutions. Dr. Rockeymoore Cummings is the author of the forthcoming book RAGEISM: Racism, Ageism, and the Quest for Liberation Policy (Routledge). A wealth, health, and education equity expert, Dr. Rockeymoore Cummings has conducted extensive research and policy analysis on aging, Social Security, the social determinants of health, and the racial wealth and achievement gaps. She also conceived and co-authored the first-ever study examining the labor market impact of level 5 autonomous vehicle technology. A frequent guest on prominent television and radio news shows, Dr. Rockeymoore Cummings has appeared on CNN, MSNBC, Fox News, ABC News, CBS, BET, BBC, Al Jazeera, BNC, NPR, and Sirius XM among many other national and international outlets. She has also testified before the U.S. House of Representatives, the U.S. Senate, and the Democratic National Committee platform committee on Social Security policy. Her articles, letters to the editor, and quotes have appeared in the Washington Post, New York Times, Fortune, The Atlantic, Baltimore Sun, Houston Chronicle, CNN.com, USA Today, Boston Globe, The Root and HuffingtonPost.com among many other news outlets. Dr. Rockeymoore Cummings has worked as Vice President for Programs and Research at the Congressional Black Caucus Foundation, professional staff on the Social Security Subcommittee of the House Ways and Means Committee, Chief of Staff for former Congressman Charles Rangel, Senior Resident Scholar for Health and Income Security at the National Urban League's think tank, and Assistant to the Director of the Marion County (IN) Health Department. She earned her Ph.D. and M.A. in political science, with an emphasis in public policy, from Purdue University and her B.A. in political science and mass communication from Prairie View A&M University. She has taught at American University's Women & Politics Institute and served as an Eastern regional panelist for the White House Fellowship program during the second term of the Obama Administration and the first year of the Trump Administration. Dr. Rockeymoore Cummings has chaired the boards of the National Association of Counties Financial Services Corporation and the National Committee to Preserve Social Security and Medicare. She has served on the boards of the National Academy of Social Insurance, National Council on Aging, Economic Policy Institute, Public Health Policy and Law, and the Baltimore Museum of Art among other organizations. She has co-chaired the Commission to Modernize Social Security and the National Academy of Social Insurance Study Panel on Medicare and Disparities. Dr. Rockeymoore Cummings has been a member of the National Association of Black Political Scientists, American Public Health Association, Association for Public Policy Analysis and Management, National Association of Corporate Directors, Asset Funders Network Tax Policy Advisory Group, National Network of Consultants to Grantmakers, Women's Information Network, American Political Science Association, and National Association for the Advancement of Colored People among other organizations. She was a founding member of the Council of Urban Professionals and the Experts of Color Network. The recipient of many honors and awards, Dr. Rockeymoore Cummings has been selected as an Aspen Institute Henry Crown Fellow, a Congressional Black Caucus Foundation Fellow, and a Woodrow Wilson Public Policy and International Affairs...
Last year's American Rescue Plan Act (ARPA) was the largest one-time federal investment in state, local, and Tribal governments in the past century, and it included $350 billion meant for governments to respond to and recover from the COVID-19 pandemic. State, local, and Tribal governments have wide latitude in how they can spend the money, including the use of evaluation and data management tools that can improve the efficacy of public health and economic assistance programs. On the latest episode of On the Evidence, guests Zachary Markovits, Candace Miller, and Christy McFarland discuss the role that data and evidence are playing in state and local spending of ARPA fiscal relief funds. Markovits is the vice president and local practice lead at Results for America. His organization partnered with Mathematica to create the ARP Data and Evidence Dashboard (https://results4america.org/tools/arp-dashboard/), a free online tool that uses publicly available plans from local governments to analyze trends and assess the extent to which localities use data and evidence to guide how they spend their ARPA coronavirus fiscal relief funds. The dashboard is meant to inform and inspire state, local, and Tribal governments as they spend their coronavirus fiscal relief funds, half of which won't be available until the spring. Miller is a principal researcher at Mathematica who helped create the ARP Data and Evidence Dashboard with Results for America. She also leads Mathematica's work with Washington State on contact tracing and has appeared on a previous episode of On the Evidence to discuss the opportunities of and challenges to implementing an equitable approach to contact tracing during the COVID-19 pandemic. McFarland is the research director at the National League of Cities, which has developed the Local Government ARPA Investment Tracker (https://www.nlc.org/resource/local-government-arpa-investment-tracker/) and a local action tracker for COVID-19 (https://www.nlc.org/resource/covid-19-local-action-tracker/). Find a full transcript of the episode here: mathematica.org/blogs/the-role-of-evidence-in-how-local-governments-spend-federal-pandemic-relief-funds Explore the ARP Data and Evidence Dashboard from Mathematica and Results for America: https://results4america.org/tools/arp-dashboard/ Explore the Local Government ARPA Investment Tracker from National League of Cities, Brookings Metro, and the National Association of Counties: https://www.nlc.org/resource/local-government-arpa-investment-tracker/ Read a blog by Zachary Markovits about how the State and Local Fiscal Recovery Fund in the American Rescue Plan Act encourages state, local, and Tribal governments to invest in solutions with evidence of effectiveness: https://results4america.medium.com/5-ways-governments-can-make-the-american-rescue-plan-work-for-all-526c8cda2537 Explore the Local Action Tracker from the National League of Cities, which collects and shares municipal responses to COVID-19: https://www.nlc.org/resource/covid-19-local-action-tracker/ Read an overview of the final rule from the U.S. Department of the Treasury on the Coronavirus State and Local Fiscal Relief Funds: https://home.treasury.gov/system/files/136/SLFRF-Final-Rule-Overview.pdf
On Wednesday, January 26, Brookings Metro and the Council for Adult and Experiential Learning (CAEL) co-hosted an event to examine how regional and federal stakeholders can leverage the opportunity of the IIJA implementation to address needed talent development in the skilled trades and other climate-related occupations. The event aimed to highlight the wide range of careers available and explore how industry leaders need to be involved in ongoing hiring and training efforts. Regional stakeholders, including higher education institutions, workforce development boards, and employers, will all play a critical role in a successful IIJA implementation. Speakers identified major challenges in implementation, opportunities to test new solutions, and other considerations facing these leaders in the months and years to come. Subscribe to Brookings Events on iTunes, send feedback email to events@brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. To learn more about upcoming events, visit our website. Brookings Events is part of the Brookings Podcast Network.
CDC Cuts Recommended Quarantine Time as US COVID Infections Reach an All-Time High Is the policy change about jobs and the economy, or about public health? Deferring Student Debt... Again Black borrowers experience the heaviest debt burden according to Andre Perry, senior fellow at Brookings Metro. He joined The Takeaway to share his research on how dated economic analysis ignores race and what cancelling student debt could do to boost Black wealth. The Whitewashing of Reggaeton And Why J. Balvin's Apology Falls Flat Artist J. Balvin received a ton of backlash after he received the Afro-Latino artist of the year award from the African Entertainment Awards. For transcripts, see individual segment pages.
CDC Cuts Recommended Quarantine Time as US COVID Infections Reach an All-Time High Is the policy change about jobs and the economy, or about public health? Deferring Student Debt... Again Black borrowers experience the heaviest debt burden according to Andre Perry, senior fellow at Brookings Metro. He joined The Takeaway to share his research on how dated economic analysis ignores race and what cancelling student debt could do to boost Black wealth. The Whitewashing of Reggaeton And Why J. Balvin's Apology Falls Flat Artist J. Balvin received a ton of backlash after he received the Afro-Latino artist of the year award from the African Entertainment Awards. For transcripts, see individual segment pages.
Last month, Brookings Metro, formerly the Brookings Metropolitan Policy Program, turned 25. Since Brookings Metro's conception in 1996, America's cities and urban communities have changed dramatically. On this episode of the Brookings Cafeteria podcast, you'll hear from metropolitan experts on how America's local communities have changed, where things stand at this crucial moment in time amid generational federal investment, and what it will take in the future for every community in America to be prosperous, just, and resilient. Show notes and transcript: Follow Brookings podcasts on Apple or Google podcasts, or on Spotify. Send feedback email to , and follow us and tweet us at on Twitter. The Brookings Cafeteria is part of the .
Computer science education in K-12 schools matters, not because it's about training the next generation of computer programmers, but because computer science education builds skills for life, say the guests on this episode. Emiliana Vegas, senior fellow and co-director of the Center for Universal Education at Brookings, and Michael Hansen, senior fellow in the Brown Center for Education Policy at Brookings, are co-authors, along with Brian Fowler, of a new report, “Building Skills for Life: How to expand and improve computer science education around the world,” and they join me on the Brookings Cafeteria today. Also on this episode, Adie Tomer, senior fellow in Brookings Metro, reflects on the enactment of the new federal infrastructure program, which he calls the largest single investment in the country's built environment in at least half a century. Show notes and transcript: Follow Brookings podcasts on Apple or Google podcasts, or on Spotify. Send feedback email to , and follow us and tweet us at on Twitter. The Brookings Cafeteria is part of the .