2 ms·
Partly I'd say it's about real estate ownership. In the US, living in a city means either spending enormous sums on real estate (suffocatingly so) or renting. B
by bdamm 6y ago
Partly I'd say it's about real estate ownership. In the US, living in a city means either spending enormous sums on real estate (suffocatingly so) or renting. But in the US, real estate ownership is incentivized as a primary way to build wealth and stability for old age and retirement. Thus, rent is viewed as a short term living situation. But, affordable real estate that acts to build wealth, especially for people who needed to spend their early career paying off student loans or don't have parents that can buy them a down payment, can only be found in the suburbs.
So it seems to be more structural due to government. That's not necessarily a bad thing. I like having a big yard with dogs and a cul-de-sac for my kids to play in.