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It's not predetermined that neighborhoods in the city aren't "family friendly" though, that's a choice we've made though policy.
by xxpor 9y ago
It's not predetermined that neighborhoods in the city aren't "family friendly" though, that's a choice we've made though policy.
- michaelt 9y agoWell, part of the family-unfriendliness is competition for cities' limited housing supply. If a family with two adults and three children wants a 3-bedroom property, their budget depends on two adults' salaries minus the costs of three children. On the other hand, if it's house-shared by four childless adults in their mid 20s, their budget is four adults' salaries, with none of the costs of children.
- bobthepanda 9y agoLots of cities manage to do well with children; New York is an above-average performing urban school district with a million kids enrolled. The problem is that with the rise of housing as an investment vehicle, cities have rapidly increased in price. In most countries housing is not a high-yield investment like stocks, it's a safer, low-yield investment like bonds. REITs have managed to destroy the goal of affordable housing for most people.
- xapata 9y agoI wouldn't blame it on REITs but the vastly greater real lifetime income of the previous generations. Wages have been declining since the 70s.