Re:Urbanism and Standards of Respectability
by bobthepanda on Friday March 09, 2018 @01:30AM
(#16550119)
Lots of cities manage to do well with children; New York is an above-average performing urban school district with a million kids enrolled.
The problem is that with the rise of housing as an investment vehicle, cities have rapidly increased in price. In most countries housing is not a high-yield investment like stocks, it's a safer, low-yield investment like bonds. REITs have managed to destroy the goal of affordable housing for most people.
If a family with two adults and three children wants a 3-bedroom property, their budget depends on two adults' salaries minus the costs of three children.
On the other hand, if it's house-shared by four childless adults in their mid 20s, their budget is four adults' salaries, with none of the costs of children.