At Windy Ridge, a recently built starter-home development seven miles northwest of Charlotte, North Carolina, 81 of the community’s 132 small, vinyl-sided houses were in foreclosure as of late last year. Vandals have kicked in doors and stripped the copper wire from vacant houses; drug users and homeless people have furtively moved in.
Are today’s suburbs going to be tomorrow’s slums as consumer preferences move back toward city center living?
March 01, 2008
That article was really interesting, and if you consider those would can afford all the new condo/Townhouse/whatever-sounds-trendy developments in the city, it could easily become the upper middle class back in the central/inner city, with the impoverished and working classes in the suburbs. Just look at all the so-called new housing in Atlanta, most middle class can’t afford nor want $250,000+ townhouses in areas of the city yet to have really improved.