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.
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.