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(MSNBC)   For the first time in 100 years, American cities are growing faster than suburbs. McMansion owners, HOAs, PTA parents inconsolable   (msnbc.msn.com) divider line 223
    More: Interesting, McMansions, american cities, Columbine High School, high-rise apartment, Littleton, residential development, transit hub, New York Federal Reserve  
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3638 clicks; posted to Main » on 28 Jun 2012 at 12:00 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-28 01:21:07 PM
As people shied away from larger cities and information started moving faster, people wanted more instant connectivity to goods and services and started to regentrify urban areas. People are no longer enamored with the idea of needing to drive 3 miles through circuitous cul de sacs for a 12 pack of Diet Pepsi and a bag of chips. It's a pain in the ass. They also started figuring out that the only people staring in envy at their manicured lawns and pressure washed brick facades were the other mooks up the road who owned the same damn cookie cutter 4 B/R 2.1 bath chipboard palace and the HOA who were waiting to fine them for an errant weed in the tree lawn. Trends come and go. If you bought your home to live in and you like where you live, you're set. If you bought it to enter the keeping up with the Jones' race, you ain't never gonna be happy cause that ain't what a home is for. As for me, give me 16 story buildings, concrete and a vibrant art scene. I can live without granite and a gardener.
 
2012-06-28 01:22:04 PM
Rapmaster2000: Well, and Pittsburgh is pretty cheap.

Don't worry; t3knomanser is doing his best to fark that up in this thread.

/ Remembers how different Seattle was before the media decided it a great place to live
 
2012-06-28 01:22:15 PM
DrewCurtisJr: And when you have kids are you going to be dining out every night?

I don't dine out often as it is. And I'm not having kids. The point is that I want all of my amenities in walking distance. I want to walk to the grocery store. I want to walk to the BRT station. I want to walk to my friends' houses.

Rapmaster2000: Or at least it was 10 years ago when I was entertaining a job offer there.

It still is.

natas6.0: we are unaware of production of food

Vertical farming is the future.
 
2012-06-28 01:22:48 PM
Rapmaster2000: I thought living in the ghetto was tolerable when I was 25 and had nothing good to steal. Now, not so much.

The ghetto is how, not where you live. Pass this along to the people in the ghetto.
 
2012-06-28 01:24:48 PM
bunner: Rapmaster2000: I thought living in the ghetto was tolerable when I was 25 and had nothing good to steal. Now, not so much.

The ghetto is how, not where you live. Pass this along to the people in the ghetto.


fark that, you do it. I ain't going back out there.
 
2012-06-28 01:25:11 PM
Sticky Hands: How much does an average house in that neighborhood cost?

In my neighborhood, which admittedly is one of the more expensive ones, you're looking at $200Kish. If you want an older home, but still want the quiet of residential neighborhoods like mine, you can buy a decent needs-fresh-paint-and-carpet-fixer-upper for closer to $80K.

dragonchild: Don't worry; t3knomanser is doing his best to fark that up in this thread.

Oh, please, like anybody's actually going to listen to me. I'm coming off as that kind of hipster douche you would never want as a neighbor. Trust me, I'm scaring more people out of the city.
 
2012-06-28 01:25:41 PM
Your 'burbs suck.
 
2012-06-28 01:27:49 PM
drunk_bouncnbaloruber: If you grew up in the suburbs, you feel dead inside until you move away/go to college.

I was so convinced I loved suburban life until I went to college in Boston. It isn't the best city in the world, but pretty nice. I moved back to the burbs when I finished and wanted to kill myself. I couldn't walk anywhere, car culture dominated, and there was little to do as a 22 year old. Basically it literally and figuratively wasn't for me.

Live in a city. Then, you realize if it advertises on TV, it probably isn't a good restaurant.
 
2012-06-28 01:31:43 PM
The whole point of cities is that their concentration of people makes many things easier and more efficient while providing the widest range of options. This has been true since the beginning of history and they wouldn't exist otherwise.

Over time cities go through cycles where being too expensive, dangerous, polluted, and so on make it advantageous for the rich or the poor to move out to suburbs but when these problems correct people move back because of the advantage of cities.
 
2012-06-28 01:32:06 PM
Sticky Hands: bunner: Rapmaster2000: I thought living in the ghetto was tolerable when I was 25 and had nothing good to steal. Now, not so much.

The ghetto is how, not where you live. Pass this along to the people in the ghetto.

fark that, you do it. I ain't going back out there.


Of course not. Ghettos are created by crime and neglect. The crime chases the money out, the lack of money causes neglect, the owners rent their now horrid dumps out to anybody who can cough up a third of the rent value, they live like sh*t, it deteriorates more and when all the money is gone, speculators buy at rock bottom and get all the buildings looking nice again and rent for top dollar. People with money move there because it's "chic" and because even the criminals have left because there's nothing left to steal. This cycle is like the waves lapping against the shore, completely avoidable and not ending any time soon. Crime, greed and laziness are the recipes for ghettos. And selfish lazy people will continue to destroy their own communities until they are educated about the consequences or want more out of life than a leaky roof, 90 channels and somebody to wipe their asses for them.
 
2012-06-28 01:32:55 PM
t3knomanser: I love living in a city.

This.
 
2012-06-28 01:36:02 PM
My Lawn. Get off it.

Hot Child In The City
Nick Gilder

Danger in the shape of somethin' wild
Stranger dressed in black, she's a hungry child
No one knows who she is or what her name is
I don't know where she came from or what her game is

(Hot child in the city)
(Hot child in the city)
(Runnin' wild and lookin' pretty)
(Hot child in the city)

So young to be loose and on her own
Young boys, they all want to take her home
She goes downtown, the boys all stop and stare
When she goes downtown, she walks like she just don't care, care

(Hot child in the city)
(Hot child in the city)
(Runnin' wild and lookin' pretty)
Yeah
(Hot child in the city)

Come on down to my place, baby
We'll talk about love
Come on down to my place, woman
We'll make love!

Hot child in the city
(Hot child in the city)
She's kinda dangerous
(Hot child in the city)
Young child
(Runnin' wild and lookin' pretty)
Young child, runnin' wild
(Hot child in the city)
Hot child in the city
 
2012-06-28 01:37:06 PM
I don't really care where I live, so long as I'm with people I care about.

And that's...one to grow on.
 
2012-06-28 01:37:10 PM
t3knomanser: As for equity- a home is a terrible way to build equity. You're better off with a savings account or rolling over CDs if you want equity. If you are willing to take some risks, go with a mutual fund. At least with that kind of equity, you can turn it around into cash quickly and easily. Home equity tends to retain its value relative to inflation, but it's so much harder to liquidate that you're best off treating home equity as sunk costs. I mean, your options are to either leverage against your equity or sell the property.

The other perk is stability. It seems you're keeping your assets as liquid as possible; my wife and I are taking the opposite approach -- we're putting over $4k into the mortgage monthly, more whenever we can (we make good money but not great money -- homebodies are just cheap dates :). But we bought this one house while I'm in my mid-thirties and we plan to die in it. No "upgrades" or whatever. We're on pace to pay off the thing in five years, at which point our monthly housing costs will drop to about $400. For a house. In Boston. At that moment we wouldn't have anything in savings beyond our rainy day fund, but whatever we save after that would go a LOT farther. To be honest it's a bit of a gamble, but I disagree with those hordes of "experts" who say we're doing everything wrong.

Thing is, this perk isn't realized until the house is paid off, and I've yet to meet someone who plans anything 30 years out. A conventional 30-year mortgage is a glorified rental and these "sub-primes" are even worse. If you're not serious about paying off the mortgage ASAP, you're not really "buying" a house.

And yeah, forget that goddamn mortgage interest deduction. It was meaningful back when rates were high, but not today.
 
2012-06-28 01:38:03 PM
The Southern Logic Company: The girl in the article mentions her parents' commute. Her parents probably did their commuting in the 80s or 90s when gas prices were MUCH lower...
So what changed? Gas is 3.40/gal and spikes up to 4.50/gal at times.


I see this argument all the time, and it's a complete fallacy. For the sake of argument, let's say gas costs me (a suburbanite) $60/week these days to commute approx. 25 miles each way to/from the office, 5x per week. And let's say it cost more like $18/week back in the day. That's a difference of $42/week.

That's a grand total of $2100 per year. Not chickenfeed, but certainly not a top 10 factor in such an important decision. Hardly worth mentioning, in this context.


Even personally, I have no desire to live in the suburbs.

I suspect this is your real point. The rest is mostly rationalization.
 
2012-06-28 01:38:05 PM
HairBolus: The whole point of cities is that their concentration of people makes many things easier and more efficient while providing the widest range of options. This has been true since the beginning of history and they wouldn't exist otherwise.

If you rewind history, cities have generally been some of the worst places on Earth to live. Go back one century, and major cities were so suffused with litter and refuse that rotting waste would be piled up like snowbanks as people shoveled it off of the sidewalks. Diseases spread like wildfire. People crammed into tenements.

It doesn't get better going further back. They only existed for one reason: economies of scale. The rich generally still lived in the city, or at least maintained property there, but usually they were rich enough to push back the borders of the city around their own mansions. They didn't mix with the milieu.

With the growth of the environmental movement, that's started to change. I'd say it's largely been the past thirty years that we've seen the nature of cities really begin to change, as people get frustrated with smog, and overcrowding, and ghettoization, and so on.

The modern city is quite different from the cities of the past. It's less about cycles, and more about a fundamental change in how we relate to, and plan, our cities.
 
2012-06-28 01:38:23 PM
verbaltoxin: We live in the burbs now, but I'd actually like to move further out to the outskirts. More room, more land, and more quiet. I still like the city for activities, but I'm beyond wanting to live there. It happens when you grow out of your 20's.

/And it'll happen to yooooouuuuuuu!!!!


31, live right downtown St. Pete, don't want more room to pay to air condition, don't want a square inch of land to mow. It's not happening.
 
2012-06-28 01:39:05 PM
t3knomanser: Oh, please, like anybody's actually going to listen to me. I'm coming off as that kind of hipster douche you would never want as a neighbor. Trust me, I'm scaring more people out of the city.

Good point. Crank it up a bit then, will you? You're not scary enough. You gotta say stuff like "only idiots and assholes live in suburbia" and shiat like that.
 
2012-06-28 01:40:40 PM
I don't live in the 'burbs' nor the city. I live in a rural housing development that is about 15 minutes away from most local commercial centers.

I GIS'd 'suburb' and was promptly horrified by what came up and, to me, living in such a massive urban sprawl that seems to go on for miles just has to me a nightmare of major proportions.

I've read pieces about folks turning their big city apartments into magical havens of wonder and efficiency but the majority I've seen apparently have the square footage of a closet. Most have about half the square footage of my home. Then, I read about their determined reconstruction of the living spaces and realize that they spend nearly as much as on a new home and average lot.

Buying a 'home' in the city usually means spending $150,000 on a 4th floor walk-up that equals the size of what we call an 'efficiency apartment' here. Meaning, often the kitchen, dining area and living room are all one unit. Sometimes the living room and bedroom are the same place.

With an aerial view of the 'burbs' it was scary to see so many folks mashed into such limited space with layouts that basically looked like planners used a plate of spaghetti to design the streets. I shudder to think of the massive HOA's that rule the areas with iron fists.
The idea of an hour or two commute to work is daunting also. I used to have to drive 35 minutes to a job in the next city and I hated that.

One of the smartest families in my area, decades ago, bought 10 acres of undeveloped land and plopped their home right in the middle. They resisted selling off any acreage during the housing boom and as a result, have communities built all around them, BUT they have a thick buffer of wild woods between them and the neighbors. They also made sure the front area of their property is thickly over grown with trees and palmettos, with just the driveway winding through, to shield them from the busy, paved road that is now there.

I envy them. Personally, if it was my land, I think I'd mine the perimeter to keep the curious out.
 
2012-06-28 01:43:22 PM
All part of UN Agenda 21.
 
2012-06-28 01:43:37 PM
There are major pros and cons of each.

I live in Seattle now (SLU) and I really like being able to walk everywhere, and all the different restaurants and things to do. But the noise and the bums and the crime wear on me day after day.
 
2012-06-28 01:44:29 PM
Valiente: Eapoe6: Logan's Run seemed so improbable when it was released.

All I remember is Jenny Agutter's perky nips from the ice cave.

I'm pretty sure that kick-started puberty.


That brings back memories (and mammories). Which sent me on a GIS... turns out, Jenny spent a lot of time out of costume, so the pics are ample. In addition, I stumbled across the 50 sexiest outfits in sci-fi blog post, that is well worth perusing.
 
2012-06-28 01:45:19 PM
Contents Under Pressure: Really it boiled down to Fear of Brown People. What I find highly amusing is that the Brown People followed the Frightened White People out to the suburbs.

Too general. Some people simply do not want to live in the city, brown people or not. I couldn't stand to live in NYC. It's okay to visit for a few days, but the place would make me crazy. I live in a very peaceful burb, with large yards, lots of trees and, by comparison, peace and quiet. When I go downtown, the noise alone wears on me. My place in the mountains is a blissful paradise to me because of the space, the natural quite and the clean air.

/and, why yes, there are brown peoples living in my area. They aren't a problem.
 
2012-06-28 01:45:29 PM
dragonchild: But we bought this one house while I'm in my mid-thirties and we plan to die in it. No "upgrades" or whatever.

We're actually working pretty similarly, although not nearly so aggressive on the paying down the mortgage. We're shooting for a ten year payoff, but other than that- same plan. We bought the house. We're going to pay it off and then we're going to keep it. No starter home, no upgrades, nothing like that.

But for most people, I don't think stability is necessary or even a positive thing. If your life itself isn't stable- if moving is a reasonable possibility in the next 5 years, for example- owning a home is similar to owning a boat anchor. I got a good deal on my house because the previous owner needed to move out of state for work. He had sunk $20K into the kitchen and the only time it had been used had been when the realtor baked cookies for the open house.
 
2012-06-28 01:46:11 PM
DrewCurtisJr: Dscharf766: I lived my first 25 years in NYC, moving to the Suburbs to raise a family, was and continues to be a great way to live. There is no correct answer, it all depends on your life experiences and what your interests are.

WRONG! If you can't throw a baseball in any direction from the roof of your home without hitting a Singaporean restaurant and have neighbors from Belize, Japan, and East Timor, you don't know how to live.


This. If you like living anyplace but a high density city, you're a fool. A FOOL! EVERYBODY should move to the city. Everybody. That'll make them lots better and will have no downside whatsoever.
 
2012-06-28 01:47:36 PM
verbaltoxin: t3knomanser: verbaltoxin: but I'm beyond wanting to live there. It happens when you grow out of your 20's.

/And it'll happen to yooooouuuuuuu!!!!

Well, I'm in my thirties. I'll keep my eye open for the symptoms of being old, and try and seek early treatment.

Admittedly, if I can ever convince my wife to move, I'd relocate to the Twin Cities and have a house w/in city limits there. I like being able to walk/cab to Matt's or Cecil's. I'm flexible really. I just like the two extremes: the extreme quiet and openness of being in the sticks, or the compactness and convenience of a city. The suburbs are a very crappy in-between.


My sentiments exactly. I have lived in the country, the city and the suburbs. The only place I truly hated living was the suburbs because nothing was close by and was still far from school. I felt like it was a vortex of despair and concrete that lacked any vibrancy. I liked living in the core of the city because of the convenience of public transit and services but wasn't close to school. However, I always knew I wanted out of the city. 2 years ago when SO got the job he wanted, we moved out to the country. Yes, I miss the convenience of walking everywhere but I love the fact that we could afford a house with 2+ acres that I now grow my own garden and that the only noises I hear are the wildlife and the neighbour's chainsaw. Also, I have been working at home so I am not stuck with a crazy commute. At this point in my life, the country is where I want to be.
 
2012-06-28 01:48:51 PM
The lady interviewed in the article learned in her freshman year of high school that suburbs develop rich, angry, white psychos.
 
2012-06-28 01:49:14 PM
DrewCurtisJr: Where are these suburbs with no restaurants?

Oh I live in one. I love my place. It's big, quite, nice view of the lake, fantastic garden yard, huge deck for parties, etc... but the local restaurants are all either box chain stores (Ferellies, etc...), fast food, and the one or two privately held places are terrible. If you like to eat, you have to go somewhere else to find a decent restaurant.

I'd rather chew my arm off than live in the city, but I would love to have a nice place to eat a little closer to home.
 
2012-06-28 01:50:50 PM
Magnanimous_J: There are major pros and cons of each.

I have lived in 18 different homes in 49 years. Big city, suburbs, country-ass country, college towns, military base... all over the country.

There have been significant pros and significant cons to every single place I've ever lived.

It all comes down to personal preferences and priorities. Period.
 
2012-06-28 01:52:30 PM
t3knomanser: They only existed for one reason: economies of scale.

I disagree; they were all about logistics. They didn't have the wonder of the internal combustion engine prior to industrialization, which really got economies of scale to take off. Why did cities exist in ancient history? 4 out of 5 people were farmers!

The point, I think, is that without trucks to move stuff or cars/trains to move people, it was far more efficient to pack your non-farmers as close together as possible. Today, a car factory in Indiana can use steel imported from China to lower its costs. Back in the day, though, importing shiat was a Big Deal. That is one way of saying economies of scale, but I don't like the nuance -- my point is that the cause was microeconomic, not planned. More often than not, governments didn't plan cities so much as a bunch of artisans moved closer together for obvious, but personal, reasons. If someone paid for a wagon, without any outside influence the carpenter and leatherworker and blacksmith wanted to be as close together as possible because parts were delivered using muscle -- human at worst, horse at best. You also didn't want your parts or goods spending too much time in transit because even city roads back then weren't nearly as safe as today's interstates. Unfortunately for the blacksmith and leatherworker and carpenter, the "government" of the day was often nobility that didn't much care about infrastructure or security, so a "successful" city wound up looking like the Superdome a week after Katrina.
 
2012-06-28 01:54:18 PM
cyberbenali: The only place I truly hated living was the suburbs because nothing was close by and was still far from school.

It isn't like this in every burb. I have almost everything I need within a couple of miles. One of the finest elementary schools in the state is within walking distance. But that's only the area of town I live in. There are other burbs that tout their convenience to shopping, restaurants and other amenities. What they mean by this is that the postage stamp sized home sits on barely enough land to contain it, that there are 800 other homes just like it in the subdivision and that the subdivision sits back behind three rows of strip malls on a six lane highway that carries 120.000 cars per day. Miles and miles of ugliness and turmoil. Given the choice between this suburban horror and downtown, I'll take downtown any day.
 
2012-06-28 01:54:46 PM
cyberbenali: Yes, I miss the convenience of walking everywhere but I love the fact that we could afford a house with 2+ acres that I now grow my own garden and that the only noises I hear are the wildlife and the neighbour's chainsaw. Also, I have been working at home so I am not stuck with a crazy commute. At this point in my life, the country is where I want to be.

Everybody, don't listen to this person! The sticks are full of rednecks, republicans, bears, and inbred mountain folk who will make you "squeal like a pig"

/there, that should keep them away
 
2012-06-28 01:56:30 PM
dragonchild: I disagree; they were all about logistics.

Distinction without difference, in this case. By clustering people, you amortize the cost and increase the relative value of infrastructure. That's really where I was getting.
 
2012-06-28 01:56:45 PM
I love livin' in the city

My house smells just like the zoo
It chock full of shiat and puke
Cockroaches on the walls
Crabs crawlin' on my balls
Ohh, well I'm so clean cut
I just wanna fark some sluts

Spent my whole life in the city
Where junk is king and the air smells shiatty
People pukin' everywhere
Piles of blood, scabs and hair
Bodies wasted in the street
People dyin' on the street
But the suburban scumbags, they don't care
Just get fat and dye their hair

I love livin' in the city
 
2012-06-28 01:56:51 PM
t3knomanser: spentmiles: Then, eventually, you get a higher paying job and realize that the $1200 in rent your spending isn't tax deductible and builds you no equity

HAHAHAHA. And a $1200 mortgage payment does?

First off, the only part of your mortgage payment that's tax deductible is the interest. Which you pay less of every year. My first year of home ownership, it saved me $1,000 in taxes. Three years in, I don't even bother to figure out how much it is, because it's not even enough to clear the standard deduction.

As for equity- a home is a terrible way to build equity. You're better off with a savings account or rolling over CDs if you want equity. If you are willing to take some risks, go with a mutual fund. At least with that kind of equity, you can turn it around into cash quickly and easily. Home equity tends to retain its value relative to inflation, but it's so much harder to liquidate that you're best off treating home equity as sunk costs. I mean, your options are to either leverage against your equity or sell the property.

That sort of financial "advice" is why we have many of the economic issues we are in. It's idiocy, right up there with things like "renting is throwing money away!"

I say this as a homeowner: renting is good. You can rent a place more cheaply than you can own, because renting is temporary. You don't need to rent something as nice as you can find. But when you buy, you're committing for a long haul. Buy the best thing you can afford. Rent the cheapest thing you'll accept.


My god, I hope you have a professional managing your finances. You sound like you have a Scottrade account that's heavily vested in Facebook shares. I'm going to brag about how much money I've made off the housing industry, but it's probably more than you'll make in your entire life. Do not take this man's advice!
 
2012-06-28 01:56:58 PM
I like my place in the burbs. But at times I do miss my old apt it was about 2 miles north of the DC/MD boarder, right next to a metro station so I could just ride home drunk on the train. But it realy is cheaper for me to live in the burbs. my mortgage is half of what I was paying in rent when I left.
 
2012-06-28 01:59:40 PM
I believe a lot of it has to do with the fact that kids who grew up during the suburban boom... who are now in their late 20s to mid 30s... hated it. I know most people who grew up with me in Naperville, IL hated the suburbs. Most of us were hell-bent on living in Chicago (or some city) when we got older.

I'm sure the suburbs worked for my parents and their generation. I mean, they still live there and all. Just not for my generation.

Personally, I need stores, bars, restaruants within walking or biking distance.
 
2012-06-28 02:00:51 PM
t3knomanser: But for most people, I don't think stability is necessary or even a positive thing. If your life itself isn't stable- if moving is a reasonable possibility in the next 5 years, for example- owning a home is similar to owning a boat anchor.

I'm not saying it's for everyone, but I think that's why these "experts" are so dangerous. If everyone did what we did, 90% of them might end in disaster. But if I followed the "experts", our retirement plan would be a disaster. We came up with a plan that's working for us.

Anyway, consider that once we pay the house off, with a little belt-tightening we can get by on minimum wage jobs without borrowing a dime. That's one form of financial security, even a retirement of sorts. It's a far cry from sipping margaritas on a beach, but I like our plan better than hoping to win the Powerball.
 
2012-06-28 02:04:17 PM
t3knomanser: Distinction without difference, in this case. By clustering people, you amortize the cost and increase the relative value of infrastructure. That's really where I was getting.

OK, good. I didn't like "economies of scale" because it can -- and more often than not does -- apply to consumed resources, not infrastructure. I mean, you were literally correct, but the blacksmith moving to the city didn't make the smithy any more efficient.
 
2012-06-28 02:05:33 PM
t3knomanser: In my neighborhood, which admittedly is one of the more expensive ones, you're looking at $200Kish. If you want an older home, but still want the quiet of residential neighborhoods like mine, you can buy a decent needs-fresh-paint-and-carpet-fixer-upper for closer to $80K.

Mmmm.... I'm guessing Squirrel Hill, Shadyside or Highland Park.
 
2012-06-28 02:06:22 PM
dryknife: All part of UN Agenda 21.

Pack 'em and stack 'em.
 
2012-06-28 02:08:17 PM
spentmiles: I'm going to brag about how much money I've made off the housing industry, but it's probably more than you'll make in your entire life.

encrypted-tbn2.google.com

I assume you've made that money thanks to your GED in Real Estate. Few of us have the initial investment nor the inclination to be real estate investors. I have no interest in spending my time or money buying and selling real estate. I have better and more interesting things to do with my time.
 
2012-06-28 02:09:30 PM
DrewCurtisJr: t3knomanser: That would be all of them, pretty much.

No it wouldn't. There are plenty of suburbs that are walkable if that's what you desire. And when you have kids are you going to be dining out every night?


Maybe its just my experience... since I only lived in Chicago's suburbs. But I knew my way through maybe hundreds of suburbs (Chicago has a TON) and none of them were "walkable".

At best you have a 1 out of 10 chance of being at a walkable distance to a convenience store, like I did growing up. That's about it though.

I've lived in about 4-5 suburbs over 30 years. Nothing was "walkable" by any definition I can come up with.
 
2012-06-28 02:11:43 PM
Angry Drunk Bureaucrat: Shadyside

Bingo. I actually live within spitting distance of Bakery Square 2.0, but thankfully, they'll be putting the residential portion of the development on the side of the property facing me.

Where I'm at is extra nice compared to regular Shadyside, just because I'm right on the intersection of Shadyside, Point Breeze, Larimer and East Liberty.

I got in at a good time, too, because with all the new development, I'm expecting my property value to increase. Not that I particularly care- I'm not planning to sell- but it's nice to know that my house won't be a millstone for the foreseeable future.
 
2012-06-28 02:12:58 PM
Mr_Fabulous: I have lived in 18 different homes in 49 years. Big city, suburbs, country-ass country, college towns, military base... all over the country.

There have been significant pros and significant cons to every single place I've ever lived.

It all comes down to personal preferences and priorities. Period.


Yep. And I try to caveat my pro-city posts by saying its my preference.

There was a time in my life (my first house) where I'd spent my college years in a big city (Chicago). At that point I really wanted the isolation of the suburbs. I loved it for 7 years or so, then decided it was time to move to a city (New Orleans).

Some people like living in rural areas. The reasons are obvious, even though its not my preference. Quiet, lots of space between you and neighbors, lots of outdoor activities to do that you can't in the city (hunting, off-roading, whatever.)
 
2012-06-28 02:16:43 PM
I live in the city now, so to speak, though I rent.

i couldn't walk anywhere useful if I wanted to, and public transport here is a joke. Not every city is NYC or Seattle or Chicago or Boston. People need to remember that.

The wife and I are looking for our house in the suburbs. Because they're less crime-ridden and have better schools than the city. Though the roads here are actually pretty well laid out it seems, as it would be a challenge for me to find a place that would significantly alter the time of my current 30-minute-ish commute.
 
2012-06-28 02:18:47 PM
spentmiles: t3knomanser: spentmiles: Then, eventually, you get a higher paying job and realize that the $1200 in rent your spending isn't tax deductible and builds you no equity

HAHAHAHA. And a $1200 mortgage payment does?

First off, the only part of your mortgage payment that's tax deductible is the interest. Which you pay less of every year. My first year of home ownership, it saved me $1,000 in taxes. Three years in, I don't even bother to figure out how much it is, because it's not even enough to clear the standard deduction.

As for equity- a home is a terrible way to build equity. You're better off with a savings account or rolling over CDs if you want equity. If you are willing to take some risks, go with a mutual fund. At least with that kind of equity, you can turn it around into cash quickly and easily. Home equity tends to retain its value relative to inflation, but it's so much harder to liquidate that you're best off treating home equity as sunk costs. I mean, your options are to either leverage against your equity or sell the property.

That sort of financial "advice" is why we have many of the economic issues we are in. It's idiocy, right up there with things like "renting is throwing money away!"

I say this as a homeowner: renting is good. You can rent a place more cheaply than you can own, because renting is temporary. You don't need to rent something as nice as you can find. But when you buy, you're committing for a long haul. Buy the best thing you can afford. Rent the cheapest thing you'll accept.

My god, I hope you have a professional managing your finances. You sound like you have a Scottrade account that's heavily vested in Facebook shares. I'm going to brag about how much money I've made off the housing industry, but it's probably more than you'll make in your entire life. Do not take this man's advice!


I was thinking the same thing. While I do not believe that your home should be considered an investment, anyone who knows about investing knows that owning a home is, in the long term, the cheapest form of housing and can be a lucrative investment. This is because one does build up equity, which offsets the cost of principal outlay, mortgage interest and maintenance cost. When one rents, there are no offsets; what one pays is what one pays, with no return. When someone says that it is way cheaper to rent than to own, I know they live in an area glutted with rental properties and few renters. In many areas right now, it is actually more expensive to rent than to own, because of a shortage of rental units. My 15 yr. standard mortgage cost me some $1800/mo. But one of my neighbors, who moved into an apartment with his wife after the kids were gone, is renting his home for $2600/month. It was leased within a week of going on the market. He paid $85,000 for the house new. It's worth $250,000 and the mortgage was paid off years ago. So he can make quite a bit of money renting it now and sell it for even more after the market recovers. It's say this beats earning 0.782% on a $25,000 bank CD.
 
2012-06-28 02:20:17 PM
As a resident of a small city, I have the best of both worlds. I live on a lovely forested estate in a historic house. I can walk 20 minutes to dining, nightlife and amenities. My daily commute was about 5 miles. I'd drive when it rained and cycle when it was sunny (I'm funemployed now). Looking for work is harder than it would be in a bigger city, but I have plenty of savings which allows me to wait and network until another good job comes along.

By virtue of my lawn, I live in a "suburb". By virtue of geography, which is more important, I live in a city. We have a downtown and all that stuff. This, for me, is the best compromise. When the oil crunch comes (it's coming soon - don't fool yourself), the suburbs will collapse. The suburbs are, in the words of Howard Kunstler, "the biggest misallocation of resources the world has ever known". They aren't sustainable and they will fail. Living locally will become paramount and the suburbs are ill-suited to the task.
 
2012-06-28 02:20:21 PM
downstairs: Maybe its just my experience... since I only lived in Chicago's suburbs. But I knew my way through maybe hundreds of suburbs (Chicago has a TON) and none of them were "walkable".

You said in another comment that you grew up in Naperville, there are walkable neighborhoods near downtown and the metra station. A lot more walkable than some of the neighborhoods in the city on the northwest and southwest sides. You also have Oak Park, Elmhurst, Evanston, etc...
 
2012-06-28 02:21:41 PM
spentmiles: People who typically complain about the suburbs are young, have no children, and relatively poor. One of those factors might change and you could remain a hipster. Change two, though, and the world looks completely different. All of a sudden walking past bums on your daily visit to Starbucks doesn't seem so appealing when you imagine your children trying to play outside. The places you used to go now seem filled with high school aged kids with no greater agenda than to suffer through eight hours of work to get back to the mini-dramas of their vacuous friendships. Then, eventually, you get a higher paying job and realize that the $1200 in rent your spending isn't tax deductible and builds you no equity. And wow, you could get a much nicer place with a screened-in porch, a nice yard to play in, and room to grow for about the same money, instead of throwing it all down a big tax hole. We've all seen the people who've tried to stay in the city long passed their expiration date. They look creepy and stuck in a rut.

[i49.tinypic.com image 319x240]

"Hey brother, you want to long board over to the cereal bar? I heard Judy's band is playing and they are so slamming. Dude?"


I'm not young (40). No kids. Not poor. Suburbia is a slow death. Good for dullards, though. And the simple.
 
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