Follow this link to the article in The Atlantic magazine
On the other side of the crisis, America’s economic landscape will look very different than it does today. What fate will the coming years hold for New York, Charlotte, Detroit, Las Vegas? Will the suburbs be ineffably changed? Which cities and regions can come back strong? And which will never come back at all?
Reader GarlandB has brought this article to my attention. I haven’t had a chance to read the complete article yet. I save the link here for my own reference so I can get back to it after supper.
Now that I have competed reading the article, I see that there are a lot of ideas in there to contemplate.
One of the interesting ideas is the purported delitirious effect on the economy of too large a percentage of home ownership. This comes very near the end of the article. The author’s arguments sound plausible to me. I think they deserve some time to digest before deciding if they make sense or not.
What do you think?