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Re: What elephant?
Quote:
Originally Posted by sebastian_dangerfield
Cities are a concentrated demonstration of the increasing delta between low skill labor needed and low skill labor available. The center attracts professionals and those who work in high end services. Ringing this are neighborhoods filled with excess labor supply.
The same thing is occurring in the suburbs. Low skill labor areas suffer under a vicious cycle. People lose jobs, then homes, then housing prices fall and there’s flight. Those who can run to tonier neighboring towns.
At least in cities, bargain hunters will flood into cheap areas and improve them. In suburbs, and particularly exburbs, once the flight occurs, the only people who come in are speculators looking for cheap rental properties. A community of suburban renters is fucked. No property tax base, so shitty schools. It’s the worst kind of transient community. Mid Atlantic is pock marked with these types of places.
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Your posts about cities make no sense here in California.
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