General Discussion
In reply to the discussion: Is Buying a House Still the Best Way to Build Wealth? [View all]MisterP
(23,730 posts)the 90% (well, 60%), for the GI and the blue collars and the immigrants (if they're white enough), they're built as investments for the 10%, for the upper middle class that could remora onto the fact that everything was in Wall Street's hands now: housing and everything else bubbleized
go on Zillow and you can generally easily tell which burb was built before 1980 and after 1990: the ones after are all for sale because they're still 50-33% foreclosed
they even look different--they've gone from "Edward Scissorhands" to "The Sopranos" or these creepy Fauxtalian rabbit hutches with no lawn or even sidewalk; the average walkscore went from 45% to 28% (I make spreadsheets in my spare time: don't you judge me!!!): everything everyone complained about the suburbs 50s and 60s--that they were segregated, car-dependent, identical and full of people with identical lifestyles and class composition--multiplied and hypertrophied beyond recognition