In their continuing coverage of the housing collapse in the U.S., CNN's recent reporting examines the changing ideas about living in the city versus the suburbs. Does it alter the “American Dream,” that sometimes elusive desire to own property, a house and have kids apart from the city and its problems?
Shaun Yandell and his wife live in suburban California in a neighborhood that is experiencing a wave of foreclosures. Even though he has not been hit financially, the area has declined because of abandoned houses, vacant shopping malls and the subsequent crime and influx of gangs. Yandell himself even heard some teenagers in his backyard discussing a recent robbery they were part of.
What happened to the suburban American dream
? Disregarding the housing crisis for a minute, cities are becoming “cool” again, with redevelopments, efficient public transportation and access to a lot of amenities that suburbs lack. Young people are getting married later, or not at all; the house with 2.2 kids is no longer a priority for many. Oddly enough, the “McMansion” is predicted to be the future multi-family home for the poor, as they are pushed out of cities by gentrification. Have you noticed similar changes in your own town? Does this news change your suburban dream at all? [CNN