The Death of the Fringe Suburb | NYT

“… In the late 1990s, high-end outer suburbs contained most of the expensive housing in the United States, as measured by price per square foot, according to data I analyzed from the Zillow real estate database. Today, the most expensive housing is in the high-density, pedestrian-friendly neighborhoods of the center city and inner suburbs.  Some of the most expensive neighborhoods in their metropolitan areas [were] Considered slums as recently as 30 years ago, they have been transformed by gentrification….

Simply put, there has been a profound structural shift — a reversal of what took place in the 1950s, when drivable suburbs boomed and flourished as center cities emptied and withered. The shift is durable and lasting because of a major demographic event: the convergence of the two largest generations in American history, the baby boomers…”

via The Death of the Fringe Suburb – NYTimes.com.

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