Letters to the Editor
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Cities vs Towns - a related question
As someone who has checked out the cost of apartments in Canadian and European cities (along with many of my fellow liberals), and found them exceedingly high, even before the fall of the dollar, I'd like to know if anyone can comment on the trend of cities becoming too expensive for the middle class.
In the US, the real estate "boom" seemed to push the prices of homes in most cities far above reasonable prices and rent costs haven't fallen in most cities, even though the bust has supposedly occurred. On a fixed income, my choices are slim, and I would have to move to a rural area to be able to buy a house, where job opportunities are limited. And I live in the South, where you would expect prices to be lower. Atlanta, Tampa, Ft. Lauderdale, all have pushed their middle class way out to the suburbs and beyond, and the cities are left for the very wealthy, and the very poor.
How does this correlate with the data in this article, or is there a correlation? Does anyone else feel the need to move to another country just to be able to afford a home?