The new urban crisis sheds light on the difficulties facing urban and calls for solutions for urban development, “The New Urban Crisis,” Florida focuses on what the creative class’s emergence and the decline of the middle class have done to cities. Housing bubbles leading to inequality contribute to the marginalization of the poor. Additionally, Florida uses the category “creative class” to distinguish the one-third of the American workforce who employ their brains. The second group he puts into two further categories, the working class, and the service class. Therefore, the poor suffer and solutions for urban development should consider the lower class people.
HOUSING BUBBLES LEADING TO INEQUALITY AND THE ROLE OF URBANIZATION
Many housing bubbles leading to inequality need addressing by the state. The New Urban Crisis essentially proposes a revision of the original ‘urban crisis’: the decline of North American cities. The old crisis resulted from the economic downturn and outmigration from central cities. However, the new urban crisis emerges as urbanization appears to be a victim of its success. Five dimensions identified in the New Urban Crisis outline how and why cities have reached this situation. Divergent growth between the ‘superstar’ cities and the rest of the cities is one of the dimensions. Also, it requires new solutions for the urban development of cities worldwide.
NEW URBAN CRISIS, SOLUTIONS FOR URBAN DEVELOPMENT AND THEIR IMPACT ON URBAN CITIES
Solutions for urban development will require the collaborative efforts of critical stakeholders. Site value taxation refers to increasing the property taxes on land and lower them on improvements. The housing bubbles leading to inequality are mainly as a result of greedy investors eyeing public land. Techniques to curb their actions will lead to equality with time as the poor will access homes cheaply. Also, the horizontal development process proposes to provide intercept parking for automobiles and move people through downtown shopping. Lastly, the new urban crisis is a result of poor planning, and solutions for urban development can cure the issue.