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In an article by Edward Thicknesse, City A.M. reports that car use is rising in London, home of one of the high-income world’s best urban transit systems. Excerpts follow:

“New figures from Close Brothers Motor Finance, shared exclusively with City A.M., show that over a fifth of Londoners – 21 per cent – are now more likely to buy a car sooner than they had previously planned.”

“Seán Kemple, managing director of Close Brothers Motor Finance, told City A.M. that Londoners were now turning their back on Tube and bus travel.”

“With people urged to avoid public transport as a result of the coronavirus pandemic, the UK has seen a resurgence in private car use over the last 12 months.”

Read the entire article at: Exclusive: Covid-19 drives Londoners behind the wheel sooner than planned.

On today's episode of Feudal Future hosts Joel Kotkin and Marshall Toplansky are joined by Bheki Mahlobo, Research Assistant at the Centre For Risk Analysis and Hugo Kruger, structural engineer and specialist in African economics.

[2:44] By 2050, 40% of the world’s population will be living in Africa

[6:59] Pros and Cons of Africa’s diversity

[12:45] Chinese model vs Democratic model

[33:00] Does Africa have a model for the future?

This show is presented by the Chapman Center for Demographics and Policy, which focuses on research and analysis of global, national and regional demographic trends and explores policies that might produce favorable demographic results over time.

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More podcast episodes & show notes at JoelKotkin.com

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Related:

Learn more about the Feudal Future podcast.

Join the Beyond Feudalism Facebook group.

Read the Beyond Feudalism report.
Learn about Joel's book, The Coming of Neo-Feudalism.

The Institute for Urban Economics presents the research on Housing Affordability in the major Russian metro area (as of the 3rd quarter 2020).

Despite economic distress and incomes drop housing prices displayed a strong positive trend in 16 out of 17 major metro markets in Russia.

Actually in the pandemic crisis housing markets are getting more influenced by the overall financial situation as well as by fundamental economic factors.

The price growth was encouraged among other reasons by the state program on the provision of subsidies for the mortgage interest rates accompanied by decline of savings yields.

Read/download the report here

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Joel Kotkin joins Spencer Levy on The Weekly Take to discuss current migration trends and the future of cities.

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Related:

The Death of the American City

Why More Americans Should Leave Home and Move to Other States