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From the perspective of a buyer, this leads to the opposite conclusion of the article: instead of buying an in older neighborhood that has held on to its proper

From the perspective of a buyer, this leads to the opposite conclusion of the article: instead of buying an in older neighborhood that has held on to its property value but racked up pension debt, buy in a brand new neighborhood that may decrease in property value but has no pension debt and new infrastructure. From the perspective of society at large, both are pretty bad. The bet for newer suburban home buyers is that you can buy the home, raise kids for 20-30 years in the good schools that use the new home values as a barrier to entry, sell it without a major loss, and then move somewhere cheaper and older before the home or the home's surroundings deteriorate.

leetcrew 8y ago
> then move somewhere cheaper and older before the home or the home's surroundings deteriorate sure, if you know exactly when this will happen. but if you know, other people probably know, and they won't pay as much for your house.
thebradbain 8y ago
There’s lots of assumptions here — not that they’re wrong, as for the past few generations they’ve been more or less correct. But what if those assumptions become outdated? E.g. suburbs having a better school system because of the higher home values and home values being high because of the school system? What happens when one side of the circular equation breaks? In Dallas, the city proper is outperforming roughly half of the more expensive suburban school districts. In Dallas, more affluent, young couples who plan to start a family are choosing the city over suburbs that just a decade ago were seen as the Place To Be. There’s also the nationwide trend that many millenials — family or no family — want to live in urban cores, not sprawling suburbs. What happens then? Do “the suburbs” eventually become looked down upon by future generations in the perjorative way the current generation looks at “the inner city” today? And are all those people who made those assumptions when they bought into the suburbs caught holding the bag? https://www.dallasnews.com/news/education/2018/08/15/new-grades-texas-schools-released-today-district https://www.dallasnews.com/news/education/2018/08/15/new-gra...

leetcrew 8y ago

> then move somewhere cheaper and older before the home or the home's surroundings deteriorate sure, if you know exactly when this will happen. but if you know, other people probably know, and they won't pay as much for your house.

thebradbain 8y ago

There’s lots of assumptions here — not that they’re wrong, as for the past few generations they’ve been more or less correct. But what if those assumptions become outdated? E.g. suburbs having a better school system because of the higher home values and home values being high because of the school system? What happens when one side of the circular equation breaks? In Dallas, the city proper is outperforming roughly half of the more expensive suburban school districts. In Dallas, more affluent, young couples who plan to start a family are choosing the city over suburbs that just a decade ago were seen as the Place To Be. There’s also the nationwide trend that many millenials — family or no family — want to live in urban cores, not sprawling suburbs. What happens then? Do “the suburbs” eventually become looked down upon by future generations in the perjorative way the current generation looks at “the inner city” today? And are all those people who made those assumptions when they bought into the suburbs caught holding the bag? https://www.dallasnews.com/news/education/2018/08/15/new-grades-texas-schools-released-today-district https://www.dallasnews.com/news/education/2018/08/15/new-gra...