> I realized the truth of the Appleton model. Thirty years from now all the new homes she’s selling will slip into the “old” category and will gradually fester

> I realized the truth of the Appleton model. Thirty years from now all the new homes she’s selling will slip into the “old” category and will gradually fester as taxes rise and the middle class migrates to new greenfield developments. This is possible, but a lot of suburbs are old and quite successful. Bellevue and Redmond come to mind just from where I live but there are lots of places in America where the periphery is long lived and maintained.