NEW YORK TIMES | Most Americans understand that a mortgage meltdown was the catalyst for the Great Recession… less understood is the divergence between center cities and inner-ring suburbs on one hand, and the suburban fringe on the other. It was predominantly the collapse of the car-dependent suburban fringe that caused the mortgage collapse - argues Christopher B. Leinberger for the New York Times
In this Op-Ed piece, Leinberger describes how the convergence of the two largest generations in American history, the baby boomers and the millennials, is increasing demand for urban-centric living and revering the previous car-dependent work and lifestyle trend that began in 1950s. And "nothing the federal government can do will reverse this."
"It is time to instead build what the market wants: mixed-income, walkable cities and suburbs that will support the knowledge economy, promote environmental sustainability and create jobs."
image care of the New York Times