Monday, July 21, 2008
The End of White Flight?
A very interesting article in the Wall Street Journal examines the recent trend in large cities throughout the country of an increase in the white population in city centers. The author looks at the effects of this trend and touches on possible reasons, but misses the boat. As we have discussed numerous times on this site, more and more people seek a more dense, walkable community, with access to public transporation and parks, retail and other commercial opportunities within walking distance and shorter commute times. The property available with such amenities is inevitably in the city core as opposed to the suburbs. The story is not really one about race but about a general population increase in the city core. Its about walkability, not race.