PropertyProf Blog

Editor: Stephen Clowney
Univ. of Arkansas, Fayetteville

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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

http://lawprofessors.typepad.com/property/2013/10/have-kids-will-move-to-the-burbs.html

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