“Growing distrust between the United States and China has slowed the once steady flow of Chinese cash into America,” declares today’s New York Times, “with Chinese investment plummeting by nearly 90 percent since President Trump took office.”
If you live in a major American city, you’ve probably seen a lot of that investment flowing into neighborhoods around your home. So, what’s going to happen to your home value now that all those investors are sitting on the sidelines? In recent research, I tackled this question for the Dialogue of Civilisations Research Institute:
Continue reading “If the Chinese Buying Spree Is Over, Why Does the U.S. Housing Affordability Crisis Persist?”
If you’ve been wondering what I’ve been working on lately, here is an excerpt of my research from my new post on the Washington Post site:
Two years have passed since Donald Trump made his famous campaign promise in disaffected regions across the country: “We are going to start winning again!” For many voters who felt that they had lost ground in recent decades, the candidate argued, a vote for him would be rewarded with renewed prosperity and prominence.
It was a classic campaign promise, overly ambitious and cleverly vague. What exactly did “winning” mean? Certainly, many reporters believed voters perceived the promise as an economic one. So let’s measure the promise’s success that way. How have Trump voters fared economically, compared with Hillary Clinton voters?
Not noticeably better, according to the data. By most measures, my latest research shows, Trump counties — and especially counties with higher proportions of Trump voters — continue to fall farther behind the rest of the country economically. The story of our economy, like the story of our politics, continues to be a story of division and divergence.
To read the rest, click here and check it out. Or if you really want to dig into the numbers, click here and read the whole paper!