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...many urban middle-class Chinese, dreams of owning property that came into focus in the past decade have faded. Chen, 28, makes about $22,000 a year. By combining that with his wife's $13,000 salary as an office administrator, the couple estimated that they could afford a $260,000 apartment. But after more than a year of searching, and touring some 50 potential homes, they're still renting. In the heated market, sellers kept raising the price thousands of dollars just as Chen and his wife were on the verge of closing a deal, he says. Or worse...

Author: /time Magazine | Title: Amid Recovery, China's Property Market Soars | 1/21/2010 | See Source »

This investment trend, which flourished from 2005 until the financial crisis hit in 2008, threatened a cherished pillar of urban policy - affordable housing, which has long been regarded as essential for maintaining vibrant diversity in our cities. The victims are among the huge numbers of Americans (estimated at close to 100 million before the latest housing boom promoting homeownership) who rent their primary residences - poor, working-class and even middle-class folks - who have been overshadowed in the deluge of media coverage of the debacle in single-family housing. (Affordable housing refers to that costing no more than a third...

Author: /time Magazine | Title: Should Private Equity Invest in Residential Real Estate? | 1/20/2010 | See Source »

There is also a fair amount of urban angst, represented by the dancing of Graffiti Pete (Jose-Luis Lopez), who does not appear often enough considering his talent. The stage itself seems almost too small to contain the enthusiasm of the characters and the excellent choreography by Andy Blankenbuehler. The movements of the ensemble cast, even the most minor characters, are carefully orchestrated...

Author: By Catherine A Morris, CRIMSON STAFF WRITER | Title: "In The Heights" Channels the American Dream | 1/20/2010 | See Source »

...never-ending debate between residents of Shanghai and Beijing about which city is superior, one Beijing trump card has always been proximity to the countryside. In Shanghai, Beijingers point out smugly, you can drive for three hours and still be trapped in urban sprawl. In the capital, not much more than an hour on the road gets you out into the stark, sparsely populated beauty of the Western Hills, with the Great Wall thrown in as a bonus. Sadly for Beijing partisans, they will be less able to rely on that argument in future, because from now on Shanghaiers will...

Author: /time Magazine | Title: Run to the Moganshan Hills | 1/20/2010 | See Source »

...third and final phase of the new plan—furthering general campus development in Allston—includes the creation of a new faculty-led Work Team, which Faust characterized in her letter as having “expertise in design, urban planning, business strategy, real estate development, and public policy.” The committee will be led by Peter Tufano, senior associate dean for planning and university affairs at Harvard Business School, Bill P. Purcell, director of the Institute of Politics and former mayor of Nashville, Tennessee, and Alex Krieger, chair of the department of urban planning...

Author: By Sofia E. Groopman, CRIMSON STAFF WRITER | Title: Allston Residents Forge Ahead | 1/17/2010 | See Source »

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