“Seems like a house with a white fence no longer constitutes the American dream. A new census reveals that, due to the harsh economic conditions, more young adults are choosing to stay in urban areas, rejecting family life with kids in quiet suburbs.
A recently-published 2011 census has documented a historical switch showing that America’s largest cities are now growing faster than their surrounding suburbs. Primary cities in large metropolitan areas with populations of more than 1 million grew by 1.1 per cent last year, compared with 0.9 percent in surrounding suburbs.
New Orleans saw the biggest rebound in city growth relative to suburbs in the last year, with 3.7 percent and 0.6 percent respectively. Atlanta, Denver and Washington DC are among other cities demonstrating significant city growth compared to suburbs.”
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The “American Dream” was never owning a home. That was constructed by the real estate industry.
The REAL dream is a set of ideals in which freedom includes the opportunity for prosperity and success.
Not a mortgage payment and the hope you can one day sell for more than you bought. That’s a gamble.