U.S. cities that for years lost residents to the suburbs are holding onto their populations with a mix of people trapped in homes they can’t sell and those who prefer urban digs over more distant McMansions, according to Census data released Wednesday. Growing cities are growing faster and shrinking cities are losing fewer people, reflecting a blend of choice and circumstance. Biggest Cities Get Bigger In Chicago, Matthew Sessa and his wife sold their townhouse and decided against buying a four-bedroom house in the suburbs. They bought a three-bedroom in Chicago’s Lakeview neighborhood instead, with a yard not much bigger than their garage. ‘What we ended up getting in the city was just as nice, and the neighborhood that we moved into also has a very good elementary and junior high,’ said Mr. Sessa, a commercial banker who is 37 years old and has a baby due any day. But Chicago is also becoming home to people who can’t sell their houses or find jobs elsewhere. Jhonathan Gomez, an organizer with the Latino Union of Chicago, a nonprofit that works with day laborers, said many immigrant workers have been moving back to the city […]
Thursday, July 30th, 2009
Cities Grow at Suburbs’ Expense During Recession
Author: CONOR DOUGHERTY
Source: The Wall Street Journal
Publication Date: 1-Jul-09
Link: Cities Grow at Suburbs’ Expense During Recession
Source: The Wall Street Journal
Publication Date: 1-Jul-09
Link: Cities Grow at Suburbs’ Expense During Recession
Stephan: