| The title is somewhat misleading. The suburbs are not dying; in fact they are growing [1][2][3][4] and this article makes no claim to the contrary. The article is saying that suburbs are becoming more like urban areas. I like the author's evidence that housing prices are falling: > In that same city in 2012, a typical McMansion would be valued at $477,000, about 274% more than the area's other homes. Today, a McMansion would be valued at $611,000, or 190% above the rest of the market. Up 28% in price - must be dying! [1] http://time.com/107808/census-suburbs-grow-city-growth-slows... [2] http://www.citylab.com/housing/2016/03/2015-us-population-wi... [3] http://www.businessinsider.com/americans-moving-to-suburbs-r... [4] https://www.forbes.com/sites/joelkotkin/2013/09/26/americas-... |
The misleading thing may be that this is just standard depreciation, although I wouldn't be surprised if houses in the 3000-5000 sq.ft. bracket were depreciating faster than smaller houses. (Though it seems likely these numbers they stated were the simplest way they could find to say that they are depreciating at an unusually fast rate.)