Analysis: A surprising new book illustrates the distortions that occur when a city’s housing becomes a prime destination for the global rich.
The torrent of foreign capital pouring into housing in desirable cities around the world is contorting how they physically look and how residents relate to each other, says an exceptional new book by Prof. Matthew Soules of the UBC school of architecture.
New York, London, Vancouver and Toronto top the list of cities most sought after by the world’s rich — who own an average of three homes each for their personal use, Soules writes in Icebergs, Zombies and the Ultra-Thin: Architecture and Capitalism in the Twenty-First Century.
