Word: urbanization
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...jobs, the increased business activity, and the revitalization associated with a cutting edge research facility that would have drastically altered the Allston’s urban landscape now seem a rather distant reality to most residents...
...Tell the Truth) is preparing supper for him and their four children. But the real reason for the rush is that O'Keefe is visiting their house tonight to screen his latest effort, an undercover video revealing purported shenanigans at the offices of the Department of Housing and Urban Development. Breitbart hopes to debut the footage on Big Government. He believes it will be another scoop - and another blow to the liberal establishment...
...arrival, Robert’s big-city customs provoke hostility from the locals. They resent everything about him—from the way he reprimands petty theft, to his preference of soda water over beer—and the plot seems to percolate with conflict. Compounding the rural-urban clash, Robert is soon sexually propositioned by a married woman, Ingelise (Lene Maria Christensen), who claims that her husband, Jorgen (Kim Bodnia), beats her. What ensues is a love-triangle ripe with violence and unexpected twists. As Robert learns to adapt to his surroundings and situation, he eventually finds himself inextricably...
...their monthly income keeping up the mortgage on a tiny Shanghai apartment. Their tale is all too real. As economist Xie points out, residential prices in China relative to per capita income are far and away the highest in the world. The housing price-to-income ratio in urban China is over 20, which means it takes the average citizen's total wages for 20 years to buy an average dwelling. (By comparison, the highest housing affordability ratio for a U.S. city - Honolulu...
...paid for in full at the time of acquisition. (In the U.S., by contrast, over 90% of residential housing transactions are financed with mortgages.) One of the reasons for this is that, just like Yang, many Chinese have been moved out of formerly state-owned housing units in urban areas as part of redevelopment projects. The compensation payments, supplemented by some savings, are usually enough to buy decent apartments out of town. Economist Xie calls these resettlement payments "probably the most important government action supporting today's economy." And the fact is, Chinese municipalities are not even close...