"To say that the suburbs once embodied the American dream is beyond cliche at this point, so we'll just get to the guts of this: The erstwhile epitomes of Americana are decaying. Experts have taken to speculating that rising oil prices will eventually render Levittowns everywhere unlivable and transform suburbs into slums, but few would have thought that it would happen so fast.
The New York Times has a front-page report today about the ballooning poverty rate in suburbs, which has surged 53% since 2000. That's compared with a 26% rise in cities. According to a new report from the Brookings Institution, 55% of the nation's poor who live in metropolitan areas now reside in suburbs. The trend is driven by declining property values, spikes in foreclosures, and the increasing allure of the city to the affluent"..............READ MORE
No comments:
Post a Comment