PropertyProf Blog

Editor: Stephen Clowney
Univ. of Arkansas, Fayetteville

Friday, October 18, 2013

Have Kids, Will Move to the 'Burbs

The Wall Street Journal shows that Americans are increasingly segregating themsleves along class lines:

Many of America’s wealthiest people are clustering in more expensive and affluent neighborhoods, leaving their lower-income brethren behind. One possible reason: They’re doing it for the kids. The share of American families living in either poor or affluent neighborhoods has doubled over the last four decades from 15% to 33%, according to an analysis of Census data by researchers Kendra Bischoff of Cornell University and Sean Reardon at Stanford University. The proportion living in affluent areas shot up from 7% in 1970 to 15% in 2009, while the share of families in poor neighborhoods more than doubled from 8% to 18%. [...]

Put simply, many Americans, especially those with resources, like residing in socioeconomically-diverse areas when they’re younger, but once they have kids, and want the best for them, they head out — not just to the suburbs, but to suburbs with better schools and richer people and less crime — even if they have to pay up.

Worth a read.

Steve Clowney

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