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by refurb
1492 days ago
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I don't buy it based on my own experience living around the world. I lived in Asia for a while where an apartment was the norm and public transit meant you didn't need a car (and most didn't have one). What would the majority do if they had the money? What was their "dream lifestyle"? Buy a single family home, with it's own land and a car. Sure, not everyone likes that lifestyle, but a hell of a lot of people do like it. |
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But single family homes set in the suburbs, amongst endless other single family homes? It's nowhere near as good. You have to drive everywhere and there's not enough density to support local shops.
I think it's a mistake to assume that because almost everyone would, with enough money, want their own home and land, that they'd also want it in the suburbs. You just need to look at property values to see that isn't the case - houses and apartments in the city are worth more.
I could trade my terraced house in the city for a much larger one in the distant suburbs. But that would mean driving everywhere, living by busy fast roads, not having a huge range of shops nearby, having to commute further into work, not being able to cycle - all things that make it not worth it. Clearly a lot of my neighbours feel the same way.