Top Story
The Problems with Housing
Everyone agrees we have a housing problem... but that is not sufficient to know what to do next.
February 20, 2024
Ocean Luo, Senior Asset Planning Manager, MBTA
Ocean discusses his career across North America and Asia, his work to create equitable and sustainable environments, and the ULI Pathways to Inclusion and Health Leadership Network initiatives.
How many years have you been in the commercial real estate industry?
I have nearly 15 years of experience in the real estate and land use planning industry across the United States, Canada, and China.
What motivates you?
Throughout my career across China, Canada, and the United States, my motivations have been shaped by the unique challenges and opportunities in each country.
In China, I was part of an unprecedented urban development era, contributing to Vanke’s mission of not just constructing houses but building communities, where housing served as a foundation for new urban residents to establish their lives. This period showed me the tangible impact of my work on people’s lives.
In Canada, my community planning experience with Indigenous communities deepened my appreciation for the land, nature, and culture, highlighting the importance of land use in healing historical traumas and building societal trust. An Indigenous elder’s words, “We are the land,” profoundly influenced my perspective, teaching me that land use should narrate a story of love and care.
In the United States, my experience exposed me to the adverse effects of land use segregation, the challenges of affordable housing, and the urgency of addressing climate change. Here, I am motivated by the opportunity to advocate for and implement an essential development pattern for the future: the integration of Transit-Oriented Development (TOD) and affordable housing, aiming to create equitable and sustainable urban environments.
What’s one piece of advice you’d give to someone entering CRE?
One crucial piece of advice for anyone entering the real estate industry is to recognize the importance of advocating for affordable housing development. For those of us seeking to create a more equitable and sustainable society, the time to act is NOW.
What’s your favorite thing about real estate?
My favorite aspect of real estate is our participation in a historic moment of creativity and collaboration. Stakeholders across society are now deeply involved in defining the importance of real estate and shaping its future outcomes. We are actively making history in the industry.
What’s your biggest career accomplishment?
My most significant career accomplishment holds a deeply personal meaning. I view the greatest achievement in this industry not merely as constructing houses, but in creating homes and fostering communities. This perspective fuels my curiosity and drives my continuous learning journey in the field.
Why do you find ULI valuable?
ULI has been instrumental at three pivotal moments in my career, providing invaluable support and opportunities for growth:
I am confident that ULI, as a leading organization, will continue to provide unparalleled opportunities for myself and others in the industry.
What are you reading, watching, or listening to now?
Currently, I’m engrossed in “Mapping Possibility: Finding Purpose and Hope in Community Planning” by Leonie Sandercock, my former supervisor at UBC’s School of Community and Regional Planning. Amidst the global division, climate crisis, and political self-interest, this book has been a beacon, shifting my perspective on societal engagement. Sandercock champions planning as an act of love, urging a deeply personal connection in our work. It’s a compelling read for planners, emphasizing the role of unity and hope in overcoming challenges.
What are you looking forward to?
I’m excited about completing my MPH degree this year and eagerly anticipating the chance to connect with others who share similar interests and passions. I look forward to exchanging ideas, celebrating successes, and perhaps even engaging in “therapy sessions” together, haha.
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