UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: ascenzm Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 829765  
Subject: Are our Cities Sustainable? Date: 2/24/2014 12:31 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 6

For one thing, it looks like the traditional American middle class is essentially dead in our cities. Sure, there may be tens of thousands of well-paid young professionals willing to subject themselves to being corporate slaves in return for getting ripped off by landlords, but where will the people who make a city run go? How about the contractors, laborers and service workers? The barflies who add some character and texture to a neighborhood? The bohemian types? Will anyone still work at cafés or bookstores, or drive a cab?


Young men who are paying $30k per year in rent will be pressured to pay even more, to marry and then to assume all of the burdens that family entails. Instead of finding their children growing up around working and middle class kids who are relatively well-behaved and socially mobile, they will find their kids outnumbered by the section 8 children of single mothers and polygamists. They will be hated by their less fortunate neighbors, resented by out-of-towners, and ruthlessly exploited by speculators even as their corporate bosses scheme to replace them with H1-B immigrants.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next


Post of the Day:
Macro Economics

Looking at Oil and Gas
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.