4 ms·
> I've wondered if the suburbs might not have been a major driver of American middle class growth in the late 20th century for a really simple reason: expansion
by RcouF1uZ4gsC 8y ago
> I've wondered if the suburbs might not have been a major driver of American middle class growth in the late 20th century for a really simple reason: expansion fueled by automotive transit allowed people to escape the law of rent and the tyranny of landlords and the property market.
Nice insight. I know in Silicon Valley, people are not nearly as wealthy as the could be given their salaries because maybe 1/2 their monthly income goes to housing.
- api 8y agoThe Bay Area is the most absurd large scale property market in America, but it's really just the most extreme case of a disease found almost everywhere.