Are you starting to feel stranded in suburbia?
I loved the title of Paul Krugman's recent column Stranded in Suburbia in the NY Times.
It marks the beginning of the awful unsolvable dilemma of those who choose to remain living in suburbia.
As suburbs decline, when do you move? How do you get out without losing your investment?
How do you move into the city as city housing continues to rise in price?
Krugman eloquently outlines the problem. But he doesn't understand the depth of the dilemma.
He continues to believe one CAN continue to live in the suburbs, claiming:
"Changing the geography of American metropolitan areas will be hard. For
one thing, houses last a lot longer than cars. Long after today’s
S.U.V.’s have become antique collectors’ items, millions of people will
still be living in subdivisions built when gas was $1.50 or less a
Krugman's column set Nine Shift to find out what happened to farm houses 100 years ago as people abandoned them to move into the suburbs. Stay tuned. In the meantime, tell us: are you feeling stranded in the suburbs?