Sick City

Book excerpt: Sick City is a call to action prompted by the crisis that crippled our cities, the pandemic. But the pandemic has brought the issues of race, inequality and unaffordability to the forefront as well, illustrating how all of these ills can be traced to unequal access to urban land. Patrick Condon walks the reader through that history, proving that most of these problems are rooted in the inflation of urban land value - land that is no longer priced for its value for housing but as an asset class in a global market hungry for assets of all kinds. The American wage earner who is most affected by COVID is also the worst hit by the surging price of urban land which has made the essential commodity of housing increasingly inaccessible. Not only does Condon dive deep into myriad and credible references to prove these points, but he also wraps up the conversation with some eminently practical and widely precedented policy actions that municipalities can enact - policy tools to establish housing justice at the same time slow the flow of land value increases into the pockets of land speculators.