Those struggling to get developments done often use the acronym NIMBY – not in my backyard – to describe opponents of their plans. While it may serve as a useful shorthand for neighborhood opposition to projects for the common good, in many cases it may also be unfair. Most Americans’ wealth is tied up in their home, a home that they often choose because of the quality of life the neighborhood offers. To routinely throw … Continued
Monthly Archives: January 2022
Do New Development Trends Align with Utahns’ Preferences? What kind of housing is being developed in Utah? Is it the kind Utahns want to see in their neighborhoods? And what are the implications for the so-called “missing middle” of the housing market? Utah foundation Vice President Shawn Teigen and President Peter Reichard explore the answers in this edition of Utah Thrives, the Utah Foundation podcast.
The Utah Foundation had a prolific 2021. (Read all about it in our Annual Report, here.) At its December meeting, the Utah Foundation Board of Trustees determined our top 10 findings in 2021 – or top 12 findings given the three-way tie for 10th place. 1. From 2010 to 2021, an inflation-adjusted mortgage payment with 10% down on a median-priced Utah home increased by $469 from $1,131 to $1,600. Over time, the cost of lower-priced … Continued
Going back to Alexis de Tocqueville’s monumental study of the American character in the 1830s, the U.S. has been known for what the Frenchman called our “art” of association. He noted not only “commercial and industrial associations in which all take part,” but also that Americans participate in groups that are “religious, moral, grave, futile, very general and very particular, immense and very small.” But those studying the American art of association find that it … Continued