How Suburban Sprawl Weighs On The U.S. Economy
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- เผยแพร่เมื่อ 31 ม.ค. 2022
- America's suburbs are sprawling again. Over the 20th century, real estate developers built large tracts of single-family homes outside of major cities. The builders were following mortgage underwriting standards first introduced by the Federal Housing Administration in the 1930s. Over the century, those guidelines created housing market conditions that explicitly shut out many minorities. Experts say it is possible to update these old building codes to create equity while fixing some, but not all of the problems of American suburbia.
Last year, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, options for prospective homebuyers remain lean.
Experts say the problems of America’s housing market relate to past policy decisions. In particular, they say restrictive zoning codes are limiting housing supply. These codes are based on 1930s-era Federal Housing Administration guidelines for mortgage underwriting. That includes “no sidewalks and curvy dead-end streets,” according to Ben Ross, author of “Dead End: Suburban Sprawl and the Rebirth of American Urbanism.“
Ross and others believe that more must be done to manage residential real estate development. Ross lives in Montgomery County, Maryland, which recently revised its zoning code to bring more population density to the area. The county didn’t have many alternative options - 85% of build-worthy land is already developed.
Strict zoning laws favoring single-family homes have limited the supply of land available for multifamily construction and hampered production of more affordable housing. With land limited for multifamily projects, the price of that land has jumped and made those projects unaffordable for builders.
Today’s homebuyers are paying for past sprawl by drawing on credit to finance their lifestyles. Meanwhile, the cost of public infrastructure maintenance is weighing on depopulating towns across the country.
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How Suburban Sprawl Weighs On The U.S. Economy
I'm glad to see mainstream media slowly picking up on this. I've lived abroad often, and coming home to the US always felt depressing for some reason and I couldn't figure out why. I eventually realized that zoning laws are a major reason. It feels dreary and lifeless to have to hop in a car for EVERY errand. Abroad, if I needed to grab a drink, I could just walk out the door, getting some fresh air and a bit of exercise and interacting with my community.
Maybe stay abroad if you don’t like it in the US?
@@nolimitsouldier09 No. I'm American. I want to see us build America to be better.
@@smitty7326 That sounds like someone who votes for an orange clown.
@@smitty7326 your plan is to come into towns that want things the way they are and try to FORCE them to change a town they want?? See we have a thing called government that depends on voters to have a majority to make changes. We don't have a dictator that decides what's ' best for us'.
@@TackyBunny and politicians that push that will lose in their next election because if a politician doesn't do what constituents want, they get voted out. The state isn't a mini dictatorship.
What people don’t realise is that roads have to be paid for and maintained just as much as public transport.
I don’t understand not understanding that. Do people think things happen by magic?
Suburban roads > Urban Roads Change My Mind
And their needs to be reasonable rent paid on all the public land used for roads and parking lots. That land isn't 'free'.
@@NinjaRunningWild Yes, when it comes to things they like and use everyday they expect it to be provided by the government and don't think about the costs. But when it is something they don't intend to use for themselves, they are in uproar and against government spending. Most people love their cars, so they are happy that roads are build, they even want more roads, cost doesn't matter when it comes to their precious cars. But public transport, that's something only the poor losers will use, so they don't want tax money to pay for it.
The people who sent their kids to private schools often also don't like that their tax money is also funding public schools.
@@mrhmm3198 There should be no urban roads. Cities are places and so too should be their streets. Streets are for people.
One major part of the problem regarding road maintenance is that heavier vehicles cause exponentially more road wear - an 8600 pound Hummer will cause approximately 6 times as much damage to the road as a 5500 pound Tahoe, which itself is 3.5 times as damaging as the average 2-ton American car - but the amount of road damage increases far more quickly as weight increases than the fuel needed to move that weight. This means that we’re all essentially subsidizing large trucks and commercial vehicles, who pay about 33% of road taxes but cause 90% of damage to roads.
But without truckers, we would be screwed. You know that 90% of North American's goods come from Freight Trucks. Being a trucker already has signficant cost of fuel, dodgy carriers. So I feel it's unfair to say that we subsidize truckers (which you are right), but them providing their service as truckers we take for granted as well.
Registration fees go by weight. My truck costs 2X as much to renew the registration every year than my car does for the exact reason you detailed
@@dorianking168 Most of our truck usage could be replaced with freight trains. The USA already leads the world in this, but only for long distance freight. There's not a lot of medium distance freight rail infrastructure which would get goods a lot closer to their destination. Which is when trucks could take over as trucks should only be used for the last mile (and even then, rail can get to major last mile destinations like IKEA for example).
People don't drive Hummers very far, so just a bad argument, regardless this was a bad cope take video pushing the dystopian human zoo future of stacked cages that produce no children. And that is the ultimate flaw in the argument, all things are paid for by that next generation, cities pay for nothing as they produce nothing, in fact they destroy it, they are also IQ shredders, so pointing at roads is simply a laughable nonstarter.
I never heard this. Really interesting that is makes such an encredible difference
You have to wonder if Not Just Bikes and Strong Towns inspired this video the same way Company Man inspired CNBC to make their company videos.
I was thinking the same...in any case it's great news that the conversation is going mainstream
Not Just Bikes ♥️
Most likely. Not Just Bikes managed to make a somewhat complicated topic into a digestible video.
Producer here! I’ve been covering urbanism since 2017. I was inspired to make this video when I saw new research on suburbanization in the national bureau of economic research. Their papers often guide timely policies, prompting the pitch. That said I’m a huge Not Just Bikes and Strong Towns fan! Thanks for watching
If Not Just Bikes is a little slow for you, Ecko Gecko is a good one
I prefer the Dutch urbanization model. It may be a small country with small cities, but it’s a collection of nodes with integrated transport systems that does not require a car for most of the population. Almost every city has a small downtown core that provides all daily requirements on foot or on bike (with little car parking). These cities are linked by high speed rail networks, with trains, buses, trams, metro all using the same « pay as you go » country-wide transit pass. Most people working in our Amsterdam office came from other towns/cities within a half-hour train commute with train departures matching the updates on the NS cell phone app. Only the masochistic would consider using a car.
And it makes sense. Because they never had large areas of land.
Like we do.
Personally, we can learn something from them.
Yes, we don't necessarily need megacities with 20 million people, but we do need more large cities and less suburbs. I think people in the suburbs should be taxed as its less environmentally friendly to live in less densely populated areas.
@@IakonaWayne People in the cities should be taxed because they use natural resources produced by poor people in rural areas.
I can appreciate the Dutch model and I've seen it in Germany as well on previous visits. On the other hand, America is a different animal. There is no common cohesive culture or sense of community in urban areas. I just moved out of the city into the suburbs and I am 10x happier.
My neighbors in the city were miserable to be around. The local NextDoor app was packed with people who had a problem with something someone else was doing. Running a leaf blower at 2pm? Someone has a problem with it. Going for a jog through the neighborhood during COVID? People literally accused them of "spreading death throughout the neighborhood" in their own exact words written online. God forbid I do anything in my tiny little backyard without 2 or 3 of my neighbors peaking over the fence to put in their two cents about what I should be doing and how I should be doing it.
Beyond that, the politically active people of the city constantly leveraged government to exercise their will over other people. Citizens routinely protest any kind of positive investment or development whatsoever. Criminality is generally tolerated if not invited right in. It wasn't uncommon for vagrants to come through the neighborhood and check for unlocked doors on cars parked on the street so they could steal something. A few times per night somebody would drive down my street with music blasting or honking their horn for reasons unknown.
What happened after I moved to the suburbs? Well I gained friendly neighbors that actually like themselves and each other. I don't have to lock my doors at night. My neighbors generally leave me alone other than to come over for cookouts or to have a beer. My kids have free roam of the neighborhood and I don't have to worry their safety even if they are out of sight. I have a backyard large to do whatever I want and the only neighbors who come and hassle me are a pack of deer that wander through every evening. Last but not least, do you know what I can hear right now as I type this from my office? NOT A DAMN THING! Just blissful peace and silence.
I'd gladly live in a Dutch town like what you describe or like the towns I've seen in Germany in person but in this country the more people you pack together the more they seem to turn into assholes and petty tyrants.
Yes, driving in the Netherlands is not fun at all. It can often take longer than public transport. The speed limits are very low, there are a lot of speed cameras, more turns and intersections than there needs to be, in the city its hard to find parking (not really because there are too many cars, rather there are not enough places to park). Its probably like this purpose to discourage using a car
I love the point they raised in the video about Americans spending thousands and thousands of dollars each year to travel to the other side of the world and marvel at the vibrant, walkable cities in places like Europe and Asia. Then, the same people hold their breath, stamp their feet, and insist they 'like' their souless, copy/pasted expanses of stroads with the same big box stores, fast food places, and self-storage centers you can find in any other Genericville USA suburb.
Very true
As if many European cities aren't just copies of each other? Do we all have to live on top of one another in a city? It's only soulless if you think of it like that. Sometimes you're in walk/bike distance to a pool or park. Your friends live in your street. Nature is a 10 minute drive away. You have a giant yard to play in
@@James-cb7nb Personally, I find both appealing. I could be happy in a beautiful, walk-able neighborhood(as long as it isn't too expensive). I could also be happy in the suburbs(as long as the drive isn't too bad). I think the issue is how zoning makes it so that the market can't meet demand. We can't build what we need to build. We can't build new walk-able neighborhoods for those that want them because most land is zoned for single family.
Good point. Ppl shouldn’t travel overseas. It isn’t worth it.
@@James-cb7nb You only walk/bike to those places if you have a death wish, because often times there's not even a sidewalk, and drivers are tearing down the road so fast with no care about pedestrians. Your friends can live right across the hall from you in a more communal setting, and 'nature'. Yeah. A teeny-tiny bit of greenspace where you can barely hear the sounds of nature through all the car noise because there's a major roadway just on the other side of the trees.
In the Netherlands, within a 10 minute walk, I can shop for groceries, and visit a bar or restaurant. This goes for 95% of the cities and villages.
I've been to the United States many times, and always wondered why cities were built this way. Thanks for the excellent video.
This applies to all of Europe.
Yeah I decided to move to San Francisco after growing up in the D.C. suburbs all my life. I was pleasantly surprised by all the walkable neighborhoods within the city. 10 minute walk to groceries, bars, and restaurants as you mentioned. Bicycle everywhere within the city. I think I'll like the change of pace for a while.
@@maythesciencebewithyou I live in France and in the inner cities and villages yes, but suburbs are also very dominant in the French landscape. From that point of view, I’d say France is the American Europe suburb plan.
US > Europe
Sadly, this only exists in a few cities like New York and San Francisco here in the us. And also in a few suburbs built before 1950. Canada is mostly like this too. Although it’s great to see so many people here beginning to understand sprawl is bad. I live in a suburb of San Francisco but here I’m seeing a lot of medium density walkable development being constructed near train stations so that’s encouraging.
3 reason why US is so pro-suburban and car-dependent:
-Single family zoning,
-minimum parking lots for business,
-property tax instead of land value tax.
Safety ?
@@erwan6906 Cities can be safe too.
I'd rather drive myself to work and drive myself to the store if it means I can come home to some peace and quiet on a piece of property to call my own, the space where I can do as I please. The whole "city life" thing isn't for everyone. Not everyone enjoys being stacked on top of each other like insects in a hive...
@@admiralrustyshackleford119 that's fine but right now there's not really any alternatives available for people with different preferences. It's actually a market failure due to government overregulation.
@@snowfox780 more population density equals more crime. Where do you think it comes from?
I live in a medium sized beach town. In the last two years it seems that the number of wealthy people moving here has been rising. We were saving to buy a house, now the home prices have gone up 50% in two years. 2 bedrooms condos are 500K and family homes are around 850k. Rent for 2 bedroom apartment is $2.5k. I was born and raised here and now within a few years i might not even be able to afford to live here.
2500 on a 2 bedroom apartment is insane
@@r4ym1n13 All the newer apartments are all "luxury". Funny thing is they're built right next to government housing which has a 10 year waiting list.
I got pushed out of my old neighborhood due to gentrification. $1600 studio or 2200 1 bed room 650sq ft, plus parking fees is insane. I can afford it but, why not move out and save so much $ outside of Chicago. Sad
Murica
This is happening many places. I got lucky- probably bought the last house that was going to affordable within a 40 minute drive of my work (rural, coastal California), it's probably gone up 40-50% in the last 18 months. But there are other places to live, one thing about a free society is we can move somewhere else. The wave will rise somewhere else (upper midwest?) in 10 years...
"suburbanization" didn't arise from demand, it was a result of zoning policies put together by city planners. It's not the result of market forces.
Shifting to land value taxes would really let the market settle to the most efficient and desired land use. Without it, you have strong land speculation causing distortions.
Exactly, if anything it's a market failure due to government intervention. Surprisingly neither party has picked up on this...even the ones claiming to represent the free market...
There was demand to move away from suburbs. So local municipalities zoning for these demands is market forces with extra steps.
@@Brabour The wealthy and powerful make their money by buying up unused land and selling it to housing developers or being/investing in those housing developers.
@@TheSterlingArcher16 Not market forces, we don't want people of colour in our neighbourhood forces.
They should have left more land in most suburbs for recreational uses
it's so insane you need a car to work, and the price of a new car is $40,000 lately. even used cars are expensive. this is an insane system!
In Germany you have to pay 49€ per month to travel around Germany with every public transport. Or just Bicycle or walk for free.
The reasons cars are so expensive is the devaluation of currency and greed. The US prints money at a whim and then gives it to other countries where rich investors can develop real estate, sell stuff, et cetera. The United States never does anything to benefit its own citizens unless it is forced to do so.
I grew up in the suburbs. I hate the suburbs. It was so boring. No art galleries, no cool restaurants, nothing interesting to see. Just your own home and having to drive absolutely everywhere. So sad and so expensive.
2% of the population enjoy art galleries. It's the American Dream.
It is not only São Paulo that is undergoing a change here in Brazil. The local government in Rio de Janeiro recently passed a law to make the city center denser and discourage sprawling growth in the suburbs. It also encourages construction near public transportation and lowers parking requirements.
I live in the Houston suburbs, which is a horrendous example of sprawl. They're building a third beltway, which is now increasing it even more...and people act surprised when we have all these terrible floods thanks to that absorbent prairie grass disappearing.
Not the mention the increasing crime, unruly cars moving with phony paper license plates, ever-increasing traffic congestion, and just flat out poor development planning smh I miss what my city used to be
Its what happens when a country fails to preserve its borders.
Tell your state leadership that induced demand doesn’t work, there’s plenty of educational vids on TH-cam about this topic. You know what does help reduce car traffic though? That little thing conservatives oddly hate for some odd reason-bike infrastructure and transit oriented developments like trains & tram’s. Also more pedestrian streets would be nice in society, NYC only has a few of those
@@kashatnick Millions more illegally crossing the border.
Close the dam border already and ramp up deportations.
Thats interesting considering Houston's lax zoning laws.. almost like there's more too it than people think
I live in a rural community.I was pleased to find out that my neighborhood is zoned residential/business. I could open my dream bakery & run it out of my home.
Sell ilegal drugs better 😁
@@internettroll1985 but we gotta keep the bakery as a front to hide from authorities
Personally I like the idea of the bakery and the illegal drugs but I think you are going to run out of space. Id do the bakery and live in the house, then build an accessory dwelling unit in the back for the illegal drugs.
Idk why America does this more often it would be nice to have a house in a suburban neighborhood make a coffee shop in their house would be awesome. Mexico has this and I just walk to a store down the block to buy milk etc and plus the store is also a house so mixed.
I live in a medium density development. If I renovated my garage and turned it into a bodega, I'm sure that I could make some pretty decent cash if I operated it before work. Sadly, the oppressive powers that be won't allow me to do this.
Schools are still the biggest reason why families choose to live where they do. It is rarely brought up in these discussions.
Rich people move to the suburbs for better schools, but the better schools are in the suburbs because that’s where the rich people go.
City Beautiful has discussed this th-cam.com/video/s6EXykhBnBk/w-d-xo.html
@@WhatIsThis-zq4hk Not just "rich people" move to the suburbs.
@@stupidshouldhurt8363 I never said only rich people.
European point of view: We picked the place we live now by checking the availability of playgrounds, kindergarten, essential shops, public transport and school in walking distance.And later took care of the children-acquiring process :-)
I'm excited to see this topic expand into more mainstream channels. Maybe we can shift towards fixing this?
I probably would be in my 50's or dead because in United States of America social changes that takes European countries a few years to solve take the US. decades
The US needs more walkable areas/cities and better public transportation
It will never happen due to the powers that be keep the “UNDESIRABLES’ away!
40% is not even in shape to walk a decent distance.
I agree. We need more public transportation. I don't want to keep driving. And the suburbs are boring as hell.
@@thetrainguy1 Before you can have efficient and worthwhile public transportation you need to be able to develop dense mixed use neighborhoods. That means reforming zoning laws.
What's walking matter if you have no home to walk from or to?
Best thing to do now would be to upzone areas near transit centers for mixed use development and make them walkable
Fine. Let’s do that in your neighborhood first.
@@NinjaRunningWild 👍 I support it 100% and it’s already happening.
@@NinjaRunningWild Lots of people do support this. In Philadelphia, local advocacy groups cheer on the construction of new apartment buildings. We're tired of paying for the suburbs, whether it's through infrastructure spending or the terrible, deadly traffic they bring to our streets.
@@bobbyc1120 I’m from Philly and I agree
This has been a proven and successful method in Japan, Taiwan, Singapore etc.
This is incredible. Very exciting to see the push-back against the suburbs and the urban planning that has been dominant for the last 70 years or so.
No, it isn't.
@@leetjohnson Maybe to you, white man with sunglasses. Everyone else is seeing how miserable suburbs are, finally.
@@TheRCish LMAOOOOO You're not wrong
@@TheRCish as someone who grew up in a suburb, then lived in and near cities in my lower 20’s, suburbs are way better. but i have met ppl who say the opposite.
Suburbs all the way
Yes, yes it is.
Remember when the major automobile and tire manufacturers literally bought up every Railcar track in cities across the country so they could ensure a monopoly in their respective markets?
Rail doesent make sense. Busses are good enough unless you are tokyo or nyc. Lots of towns like portland just built a train to have one. No one but bums use the thing
@@MrKongatthegates Building them to sparse population areas will lead to that. These cities need to build up density before talking about rail.
@@MrKongatthegates I live in an European village, about 14000 inhabitants. We have 6 train stops in my village. Americans probably would call us a suburb to the next bigger town (10km distance). Our trains go every hour at night, every 20 minutes during the daytime and every 10 minutes during rush hours (morning, noon, evening). And we definitely are no bums. We also have two town centers, 4 churches and several spots with shopping centers. But we do not have potholes in any streets. Can't have everything :-)
@@MrKongatthegates cause trains in USA are shut other places like France got trains that go over 200mph
I don't remember
I, as a GER who had lived in the US some decades ago, strongly believes the Federal-Aid Highway Act of 1956 has started to haunt US Municipalities and States many years ago. The once known "American Dream" of owning a single-family home in Suburbia is about to turn into a nightmare. In my whole life, I have never owned a car (had driven a company-owned Audi for 15 years or so). Since then I have successfully and enjoyably been relying on public transit, be it short or long distanced. Today, I neither need nor miss a car...... We don't have that of a strict zoning here - having small and bigger grocery stores or bakeries and cafés within walking distance to one's home makes life without car liveable.
Some one at CNBC has been watching "Not Just Bikes" :)
I really recomend the video from Not Just Bikes that explains how high density and walkable places SUBSIDIZE suburbia.
How about we build public transportation?
Automotive industry: NOOOOOOOOO
Ironically the Motor City is constructing a huge downtown bike network 😭
It's not just the automative industry, most people who love their cars don't want public transportation and are against government using tax dollars to finance public transport. They are of course totally happy when the government spends money on new roads. People who don't want to give up on their cars don't want it and I fear they are the majority, probably even the absolute majority.
Public Transit sucks. Name one city in America where it's good. Even NYC subways are nasty, in expensive and filled with homeless people.
@@tira2145 That's because you do not have proper public transport. Your argument is so stupid. You should look to Europe or Asia. It's because you didn't invest much into your almost non-existent public transport that it has become so bad. You could have done better, yet you decided to make your country car centric with long distance to everything. You Americans chose to make pulic transport bad.
Yeah no. Those are people jobs creating cars and fixing roads. We are not trying to increase unemployment. Please go to Europe for that. Thanks.
The good news is that many cities are already hip to this. I've been seeing improvement in many cities and seeing retrofitting in the suburbs surrounding the cities.
Even cities that seem to be embracing reform refuse to rezone the old areas.
@@nate4fish That's likely due to the NIMBY factor. Try to change the zoning in an R-1 neighborhood, even just at certain intersections so there can be a small amount of mixed-use development, or a few small, multi-unit housing units, and people will go ballistic. I think what needs to be done is focus on how our development patterns are bankrupting cities and give people in areas that need re-zoning a choice: Higher taxes that will go to the infrastructure in your neighborhood or work with us on how to best re-zone your neighborhood to make it more self-sufficient.
I live on a cul-de-sac. It was ok until people started parking their cars on the road. The reason is because everyone is using their garage as a living space rather than a parking space. There are more families living together due to the high cost of living and insane housing prices. This leads to one homestead having 4 or more cars. My cul-de-sac and the streets are swamped with parked cars that it’s hard to get around. The pictures showed in this video are higher end neighborhoods with high earning, mostly white community. It looks very nice.
Suburban areas would be much better if they had built better public transportation. The rail stations would have replaced all the dead malls with shops and restaurants that are easily accessible by walking, cycling or by bus. The train stations would also have a bus terminal where people can easily transfer to either train or another bus. When you take the car out of travel, small businesses can be integrated into neighborhoods and communities giving character to the area and a place for people to socialize with other people in the community.
The US sprawl is boring, and many areas the design is dangerous for pedestrians and cyclists. Low income sprawl are ripe with drug and violent crime.
It’s time to revise the urban sprawl to something better.
Light rail is ok but it’s not a real train as it has to travel on the same roads cars do. Light rail is too slow and it will not get many Americans to stop using their cars. In other countries in Europe and Asia. Their light rail are being phased out for real rail that operates like a train and not a bus with a special lane.
I’m going to assume you live in California...
in which city is light rail phased out in europe? Light rail CAN go on streets, but that will only happen in the inner city, because there's no space. Outside the most central parts Light rail will have their own rails without being on any street. Light rail can also travel 100+ kph and is much cheaper to build than trains..If you'd want a comparable route to light rail in the city you have to build elevated tracks which is very expensive and not always possible/wanted.
Light rail actually travels on it's own right of way, separated from cars. The thing you are referring to is a tram or street car
Lightrail? How does this fit when they are constantly talking about our power grid not being up to date????
Actually, in Austin we have a high speed train. I think it only goes from certain areas to downtown area. If I wanted to use it, I’d have to drive to the station and park. It’s good for when you want to go to downtown like for a festival where there would be awful traffic. Most people don’t use it normally though. Old habits are hard to break I guess.
Suburbs are inefficient and financially insolvent but remote work can remedy some of that. There’s still benefits to agglomeration found in cities that can’t be replicated with suburbs and remote work.
Remote work won't remedy their tax fall issues.
Whoever said their intention was to be efficient?
@@snowfox780 What tax issue?
Seems like the places with tax issues are the cities loosing population not the burbs
@@mrhmm3198 Cities have the businesses and jobs, the suburbs don't. People moved out to suburbs in the pandemic due to remote work but those jobs are still based in the cities.
@@mrhmm3198 Watch this you will understand:
th-cam.com/video/7IsMeKl-Sv0/w-d-xo.html
th-cam.com/video/VVUeqxXwCA0/w-d-xo.html
I've lived in both suburban and walkable/city environments. The walkable lifestyle and amenities a city offers are MUCH better than living in isolation in the suburbs, IMO. In the suburbs you're gaining a little safety (purely due to the isolation factor) for a LOT less in amenities, convenience, social interaction, and health (having to drive everywhere instead of walking contributes to obesity). In a proper city you get: walkability (healthier/more convenient/less costly than driving), concerts/music/arts scenes, easier business networking, world-class restaurants and bars, arts and cultural institutions, etc. etc. With the suburbs you are subscribing to boring nothingness detached from almost all of the above (which is fine if that's what one wants/values, but one shouldn't pretend that there aren't major tradeoffs). Living in the city also allows one to socialize more and live a more active (rather than sedentary) lifestyle. LOVE our city home, as well as our rural second vacation home in the forest (ie. real nature; not strip-mall sprawl).
I’m in the Midwest and apart of what the collective thought here is, is that if they don’t buy a house they can’t retire someday. When you break down the numbers most people realize that’s not true. But a lot of these people don’t trust things like 401k’s. They want to buy a house, pay on it for 30 years, then die in it when they’re old. Perhaps we’d see a shift in psychology if we can reinvent what retirement means
@@justinh7560 That plan doesn't work though - main problem is that rural & suburban areas are not conducive to aging-in-place. Once you can no longer drive yourself, haul groceries, walk those long parking lots, etc, you need help. In a traditional setting, that would be nearby adult children/relatives, or maybe the local church, but it's no longer a given that your kids (if any!) will live in the same State as you, let alone close enough to shuttle you around.
I live in a walkable urban area (pre-war/mixed-use), even though I could afford to move to some luxury condo or exurb, partly because it is very friendly for seniors and the disabled, and super-convenient to transit in or out of the city. I don't *need* it now, but better to have it for when I do.
@@mandisaw Yeah I’m by no means agreeing with their logic. It’s just what I’ve observed. They’re more willing to rack up credit debt and ignore retirement plans if it means saving up a down payment for a house. Then when they get the house they’re incredibly stretched thin because their mortgage payment is expensive, plus they have to fill it with furniture, a grill, exercise equipment, 2 SUV’s, lawn mower, etc. plus pay property taxes and loan insurance on top of it
@@justinh7560 I dig it - wasn't shooting the messenger. My in-laws and friends around the country report much the same. There's as much of a push to not appear poor/struggling among folks in the Midwestern small cities/towns as among any coastal city-dweller. Buying more house than you can manage comes from the same mindset as buying designer clothes you can't afford.
And the US has had a major problem with financial illiteracy for a long time now. Was mentoring a student who wanted to address that - she ended up chucking it, and going into insurance 😅
I don't want no bars near where I live. Do your Europeans hate yourselves? Drinking leaves to liver problems or are your uneducated? Also Who cares do your not think it strange that their videos are anti jobs? Think about it
The construction jobs section thanks to suburbs will always have a job yet y'all are saying we should cut down their job section because some TH-camr said so? Now let's not forget that car companies hire people so less cars means less jobs. Or did y'all all forget? Then let's go to the education section. Each school has only 15 students per classes it's better and more effective. Now how are they supposed to do that? Without building out? And if they build out why should parents have their children going to schools many miles away from home. Do you see the problem? Suburbs are the for one good reasons schooling and the children. Better schools means more classrooms that have 15 students per class each. To better handle each student need. So ...I don't get this video point. And with each house and school built guess what businesses move there too. I know this dudes don't live in America but for each suburb that is a Walmart and Kroger and so on. That again in jobs. So again he and others like him are just trying to crash the economy. I say leave it be and build better eco friendly cars. It's that simple.
I'm glad to see the mainstream news finally picking this up
It's sad how liberal they are about it
France loves too suburbanization.
I work for a company which sells lands, in cooperation with the town council, and people go away from big town to go and establish in calm and rural environnements.
French suburbanization started in the 50s, and French have developed a huge love for individual home, 2 cars, garden… just like in the US.
@@Bruno-vs5ln You act like that's different from how the US suburbs began.
@@Bruno-vs5ln Merci pour ta réponse très constructive. Faut pas généraliser. Quand t'as les moyens de vivre en banlieue, que tu sois écossais, bolivien, bouddhiste, juif ou aborigène, alors tu peux accomplir ton projet.
@@Bruno-vs5ln so they are racist?
@@behindyou666 Racism doesn’t have a nationality.
Yes. You have to keep in mind that news pieces like this are not reflective of reality or what most people want. They are really commercials for planners and high density real estate developers to force people to live in the way they want them to.
Keep it up CNBC. Urban sprawl is an economic problem that we can actually fix, and I want to see it happen.
It’s happening rn. Suburbia construction has decreased by 1/3
There’s nothing wrong with suburban sprawl people have a right to live in single-family homes not be crammed in the cities like rats
@@Crusader1984 bro, did i ever say that?
I’m saying that there’s not enough housing for people that don’t wanna live in a car centric place and wanna bike/walk and a better quality of life
@@Crusader1984 it’s currently illegal in most states to do anything else than single family housing. Also US infrastructure just sucks.
@@Crusader1984 also the US has a very bug minimal size for business parking lots and that’s another reason why so many people drive
Suburban and rural are the best way. Living in cities crammed together with to many people is living in a hellhole.
Cool, then don't live there. But don't go creating zoning laws that force suburbia on everyone.
@@WhatIsThis-zq4hk baltimore is dense so it must be thriving if so many people want to live there..... oh wait.
I love CNBC, they really are getting to the talk about issues that are very relevant.
Yes! I’ve noticed this over the past few months. I subscribed the other day because of their consistency. 😌
Their mAin theme is America is a thirs world country which I agree
Absolutely zero chance of any change to this model but fun to discuss
@@hermeslein6614 it isn't, but is. Idk how bit driving around LA feels eerily similar to driving arouns Manila, and that shocked me
@@latenightthinker4737 can you explain the similarity
I wonder how many home owners could no longer afford the very home they live in if they had to buy it today and how that would look graphed against how long they’ve lived there?
My grandparents have lived in the same house since 1965 . Just paid it off last year. Grandpa is 77 gma is 75. House is still listed at 108,000. Grandpa worked at Ford in stl. Had to ride a train 3 hours every morning and afternoon for 30 years.
I purchased my home 18 and a half years ago for $76,000 it's worth $90,000 that's what 2 houses on my street sold for last year. I paid it off in 14 years
@@debbieframpton3857 I sold one house and paid cash for my small 2004 house in a rural small town in 2014. I'm so glad I did. It's a decent house in a good neighborhood. Nice and quiet for the most part and no through traffic.
@@michaelmullin3585 ,
2014 sq. ft house not exactly small but good for you. Value of houses not going up in my area but that's okay because it keeps my taxes down and I don't plan on selling I bought a house four blocks from my parents and that has worked out well for me close enough but far enough away. I wasn't able to pay cash because of a divorce and working retail but I've been very happy with my home
Well there's no way I could afford my parent's house if I were to buy it at today's home value. And the people in that neighborhood have the gall to ask why there are no longer young families in the area anymore. How many average young families can reasonably afford a $700K house in the first place?
Pre-war transit-based suburban development is still beautiful and functional even though the transit systems they were based around have tragically and wastefully been destroyed. Auto-centric suburbia is a pox and scourge on our beautiful USA. I"m truthfully shocked that CNBC would dare to air a piece like this!
Walkable communities are the way
THANK YOU CNBC FOR TALKING ABOUT THE MOST IMPORTANT ISSUE ON EARTH: ZONING
*most important in us cities
There should be no zoning laws. My property, my decision what to build.
@@tira2145 we and that and it was awful. No one living today can directly remember.
@@blainegabbertgabonemhofgoa6602 Sadly, US zoning laws have a global effect.
@@tira2145 The only real zoning I think is worth keeping around is restrictions on where heavy industry can be built, how much a person's property can encroach on public spaces, and ADA compliance for publicly accessible zones.
Build safe to cycle in bicycle lanes and walking paths that take the fastest route to shops or small schools. In Finland (where its snows like crazy) the bicycle paths take the prettiest route through nature to encourage people to cycle year round. You also needed smaller schools. With this you can get your kids to cycle themselves to school instead of having to chauffeur the kids everywhere and that is fantastic for their development and independence
More car dependence = more profits for the auto industry = more money for oil companies = dollar artificially propped up.
This nonsense benefits the 1% and nobody else.
the best comment on here you sum up the money cycle behind the suburbs
I live in an area where I can see older neighborhoods gradually evolve into newer neighborhoods as you get further away from the city center. I can say in my neighborhood, that the sprawl is getting worse as time goes by, we haven't learned or applied any lesson about this problem yet. I live in Canada, not the USA though. It seems like we are only building the neighborhoods that people want, and not the ones we can afford. Big House, large yard, and maze like roads so there's no traffic in front of any of the houses. It sounds great, but you are stranded in your own house if you don't have access to a car, and these houses are unaffordable for the Middle Class. The older neighborhoods, still single homes, are much more reasonable, with corner stores, and the area having some degree of walkability, and still feel like part of a city. The older neighborhoods have smaller houses, and they are packed in with much smaller yards, and a grid street pattern, so they can maintain a reasonable density. You don't need to get rid of single family houses to help fix the problem. The new developments you might as well be living out in the country, you need to drive to go to even a corner store. And you can see the neighborhoods transition between the two extremes as you get further from the city center. It's only the newest of the suburb developments which are really bad, it's a trend that needs course correcting quickly.
Edit: there are a few smarter designed neighborhoods, which try to reduce sprawl, and mix in some commerce, but they are rare compared to all the large, maze like suburbs.
I love how they keep showing Bethesda, MD, where the average price of a home is over a million dollars! If they ever finish the purple line it's going to cause the prices to go even higher. There is nothing affordable about the housing market in the DC metro.
You literally need to be a multi millionaire to buy a home In Bethesda.
Everyone under 35 is Screwed man. These property prices are so astounding.
Assuming you can even find a property. I'm in Seattle and I'm hard pressed just to find a 1 bedroom condo that isn't already under contract. We've gotten to the point where even the lowest bars of entry are not obtainable.
@@nicogreco7855 Not to sound tinfoil, but this is a form of population control; it's essentially a global occurrence at the moment. Cutting off housing supply, etc. allows those that are older, assurance to retire since they now have the majority of resources and political benefit. They're screwing immediate future generations in the process, but they'll be dying off before they see the true damage so they don't care
Yep. I’m old and settled, but I worry about my kids. We’re in Austin, TX.
@@penelopepitstop762 Thanks for your transparency. There are going to be tons of parents without grandkids these next 20 years because they created a real life monopoly game and actively block any new housing that is dense
@@Striker50_ I’m not sure if you’re saying I helped create this Monopoly, but if you are, all I can say is I just lived my life like everyone else. I’m not THAT old, lol, I just meant I’m not just starting out and we already own a home; however, my kids are and that’s why I worry.
They can build houses/condos where the failing malls are that no one shops at. Not everyone likes to live on top of each other and have to deal with listening to your neighbors fighting through the wall
Agreed
oh well the places where these are really popular also have walls that makes it so that you don't hear your neighbours.
Not to mention the physical and mental toll on those isolating neighborhoods obesity and depression
The physical and mental toll is taken on those in cities where people are stressed to the max, angry all the time, and basically turn into mental patients in an open air asylum. I live in the nice, quiet, laid back suburbs and it’s perfect out here. All my neighbors say the same. You have it completely backwards.
@@truthteller4442 I'd wager a bet studies show people in cities are way more active and healthier.
Nothing says prime health like plopping out of your Minivan to unload the 2 gallon tub of Mayonnaise you bought at Costco
Lol you are jealous that I don't have to look at 50,000 neighbors at all times.
@@truthteller4442 weird how people in the city are significantly fitter than people in the suburbs and rural areas
Actually more space is a better quality of life
If I'm spending let's say more than $300,000.... I don't want to look at you when I open my door. I don't want to hear you when I go to sleep. Ownership, for me, means that everything within the defined space belongs to me and others will not be occupying that space or inhibiting my ability to enjoy that space. For those that prefer city life, I salute you.
Hi Matt,
Are you, by any chance, a communist? Why do you want the US government to subsidize your way of life no matter how expensive it is?
@@heymikey1981 Mikey, this is quite possibly the most uninformed reply that, at this point, I should have expected. The fact that you immediately hurl accusations about me "being a commie" instead of engaging me in conversation or debate to understand my point of view strikes at the heart of what is wrong with our current social construct. You have very little information regarding my stance. If I have the desire for life, liberty and the space in which to exist ... that does not coincide with a desire for the government to subsidize my way of life. Next time perhaps try, "I tend to disagree, can you expound on your point of view?" Or, are you an advocate of living down a dirt road and using a well for water? The answer to which, would be yes. I am a proponent of less government. I am a proponent of personal freedoms. I am a proponent of finding myself more than 20 feet in any direction to someone of your....caliber. Learn how to engage in dialogue or remain ignorant. Find common ground with your fellow man or continue down the road we find ourselves on. Lastly, look up the definition of the word tact. Study it. Learn it. Use it.
@@MattSeabolt But you are a commie if you want the US government to subsidize the cost of infrastructure just because you are anti-social enough not to want to live in close proximity of others.
@@heymikey1981 sigh, we probably agree on almost every point of most every issue that we face but are focusing on different parts of the issue. Instead of engaging in dialogue, you chose what you will always choose, ignorance and name calling. It appears to matchup with other comments you've made to others. Like a comedian that's sucking it up at the comedy club.....you really need to find a new routine.
That's fine
The issue is that it's illegal to build anything other than a single family house in the vast majority of the USA.
I love all these comments. People clearly know what needs to be done. However, Jane Jacobs knew about this when she wrote The Death and Life of Great American Cities in 1961. It's now 61 years on and the problem has kept on growing. Let's hope the tide is turning now. The mounting infrastructure bill may well make this inevitable.
Here in Spain if you want to go to the supermarket you only have to take the elevator 😁
Wish I could live in Spain
So all the roaches from the grocery store’s stockroom become your roaches. No thanks.
@@kevinc8955 I almost never see roaches here in Spain, at least where I live
I don't want to live in a crowded place
Great, so go to bumfuck Utah. But don't make it illegal for everyone else to build anything other than a single family house.
I just hope that how I plan to go about how I want to get a home doesn't get any worse in the long run especially in such an extreme time of the pandemic.
At the same time, trying to look for a second job is very tough to make ends meet in order to achieve the ultimate goal without having to sacrifice one job to start over at another and still struggle to find additional employment on the side depending on off days from the main employer.
We're living in a difficult time of our lives (although I wasn't born during the Great Depression, but heard the stories about it) where the pandemic seems to have fallen in that direction, not to mention adding the Big Quit/Great Resignation to the matter as well as supply chain disruptions and inflated price gouging.
Everything right now from gas and diesel prices, to food, to things for buying a home or building a home, paying our bills, and everything in between has basically set millions of Americans in the middle-class income category back by double the years of how long the pandemic is continuing to put us through.
4:44 "individual decisions"
But the prevalence of low-density suburbs isn't in many places due to individual decisions and/or market forces. In many places it's the only kind of development allowed by (R1) zoning. That's not an aggregation of individual buying decisions or market forces. It's a government decision.
mixed use and density is the way to go. problem is condo design is so small that its just unappealing. They need to bring back spacious condo that are affordable and not the bs luxury garbage they claim
or even row houses and multiplexes wouldn't be bad.
Just tax land. That’s it. Allow mixed use, walkable neighborhoods, tax (wealthy, but really all) suburbs HEAVILY as they are subsidized by taxes for their infrastructure, and give citizens other methods of transportation like bike paths, trains, trams, buses, and high speed rail
5:49 Not unless you live in Pennsylvania where there are potholes in all the streets regardless on what level of government funds them. 🤷♂️ Yet 202 has been under construction for over 30 years and still hasn’t been completed…🤦♂️
The one thing that gets missed, and that I wish more people talked about, is how having land use laws which extremely limit commercial use end up making it nearly impossible for so many people to start a business. It just leads to chains being the only ones in an area and it's horrible for us as a society
There are plenty of channels on TH-cam which were not interviewed in this video. I like the topic, but some folks like not just bikes should be getting some spotlight in this.
Yes build up and in. Add more metro rail, better biking infrastructure and decent bus waiting areas and you will have people saving money on gas or even being able to get rid of their car, which could save some people $700-$1,000 a month for a vehicle. Imagine how that would positively impact the economy and the environment. *sighs*
Big Car and big oil dislike this
This is something I've been thinking about. Would the savings from not owning a car be greater than the possible increased cost of living in a walkable neighborhood. In certain places like DC, where Transit is very effective (relative to America standards), I can get the most places I need by bike and Transit. But just north of DC in the Baltimore area where I'm from, with only 1 light rail and 1 subway line...it's going to be harder to get to many other places without a car. Yes we have a large bus network and ride sharing here , but, just like in most places across the country, it's just a lot harder to get places without a car.
Bethesda, North bethesda, Rockville, silver spring..... All suburban downtowns, walkable, all have subway access, but also quite expensive. I would love to live in silver spring. But back to my first question, would the increase cost in these walkable areas while paying for Metro every month be less than a cheaper area with a car.
Apparently you have not used the public transit in Los Angeles. I drive cuz it's safer
@@djrocko410 I hear you. Which is why I think growing cities need to invest in better infrastructure to make these decisions a bit easier. From a personal perspective after I was in an accident I used the insurance money to move to an area close to the train and also bought an e-bike. I’m much happier w/o a car and I live in an area w/ grocery stores, restaurants and Walmart. Is that for everyone? Not right now - but with small changes this could be the reality for most metros if they invest in light & heavy rail and build within.
High Speed Rail! You don't realize how amazing it is until you ride one. The quietest, most comfortable ride I've ever been on, not compared to a plane, which will always have pressurization issues, but better than cars. And, the best part is that getting from major population center to major population center is revolutionarily faster, Chicago to St Louis in 2.5 hrs, Boston to DC in 3 hrs, LA to Vegas in 2.5 hrs Houston to New Orleans in under 3hrs. Imagine the work opportunities, and you can nap on the train. The ones I've seen are clean, other countries take care of their mass transit.
Single family housing is NOT the main problem. Vast majority of new homes and ones built from the last few decades are on lots less than 8,000 sq. ft. In fact major cities such as NYC, Boston, Chicago, and San Francisco or even compact cities in the rurals have plenty of them yet the neighborhoods with the housing are quite pedestrian and transit friendly.
The main problem is that large scale single use zoning, traffic flow (especially divisive 4-8 lane arterial collector "stroads") and building layouts particularly when parking invades the front.
Another problem too is local government allowing these homeowners to bullied them into rejecting any form of housing but single family zoning in their jurisdiction
@@infantebenji Yeah well a duplex looking like a mansion isn’t the end of the world
Suburbs evolved as people want to be safe comfortable and enjoy life liberty and happiness.
No need to complain about it.
Don’t forget boring af
i get we're all just stats in this but like, personally i hate being stacked up in a building. it stresses me out to have to tip toe around my apartment so I don't disturb them, having to listen to my neighbors stomping around above or arguing below. like that isn't peaceful living for me! power to you if you like apartment living. I can fully agree there is a problem with the current model, and we should have access to more within walking distance of our homes as a society but I couldn't personally partake in this model just out of peace of mind.
You're missing the point, no one is forcing people to live in apartments, the point is for huge swaths in major metro areas its illegal to build apartments. It should not be that way.
@@jeffc1347 no I get that part, we agree there, there were just several points in the video that pointed to apartment/higher density over a detached house was a more economically smart move and while that's true i wouldn't want to live in that model myself.
Seattle is doing something similar to Montgomery building out a regional light rail network down south to Tacoma, north to Everett, and to the east on the other side of lake Washington through Bellevue, Redmond, and Issaquah.
As this is happening legislations is being proposed that would allow multi unit dwellings near transit stations (light rail, commuter train, bus terminal).
It seems that the best way to win over suburbs to relax their zoning codes actually involves working backwards from how historically transit was built. While 100 years ago urban areas drove demand for more transit it is now transit that is driving demand for more urban areas as a consequence of us suppressing development in high market demand areas for so many decades
The form factor of light rail for such a long and such a central route is big compromise on capacity and quality of service (compared with upgraded Sounder train or with light metro). I hope it works out
@@hobog I definitely agree with you on that one. I’m not sure why that system mode was chosen.
I understand that it first started getting built out in piecemeal in South Seattle so it’s possible that they weren’t anticipating such a regional expansion to take shape and thus chose light rail. Being that everything after rainier valley is being built grade separated it seems like sound transit should really be considering modifying the existing spine to accommodate wider faster heavy trains if that is possible (which I assume could require raising the platforms of stations). As far as regional metros go the BART system really impresses me when it comes to its top operating speed. I won’t hold my breath for Seattle’s rail system being modified to that but I could see a lot of benefit to a Vancouver skytrain style metro at the very least with all its automation perks.
Interoperability with sounder service would have also been cool to see for such a regional plan
Crime train
@@M123Xoxo Yep. makes it much easier for criminals to get to new "prospects" and get out.
And wasting massive amounts of money to do it with little perceivable benefit.
There are a few zoning restrictions that do make sense. Tacoma, Wa has a pulp mill right next to downtown that makes the entire city smell like a gigantic awful fart whenever it runs.
Noxious/dangerous industry does still need to be zoned away from cities. But shopping and services, nah.
Completely agree. Common sense zoning like not putting a prison next to a day care is what zoning was intended for. Single family zoning which restricts renters and small businesses is just exclusion under the guise of zoning.
@@joethomas8241 Did you mean libertarianism? Moving a pulp mill away from downtown seems like a common sense zoning policy to keep people healthy.
@@mariusfacktor3597 He's referencing the politics of that state, very liberal!
@@joethomas8241 it's too pad plutocrats got lumped in with general USA central-left DNC. Western WA is divided in political-mindedness between neo-liberalist plutocrats who like status quo personal profit and lefter-leaning socialists who support better urbanism
@@stupidshouldhurt8363 neo-liberalism / laissez faire is not really liberal / progressive
I live in a major east coast city. All the basic necessities of life are available within about two blocks. There is a huge park about a mile away. And it's also close to a public transit link, as well as bus lines. It's the ideal location--and I don't need a car.
More urban infill and transit oriented development!!
No! Too congested already...see: large scale farming...bad, bad, bad.
Let's also eliminate the need to do 'drive time' commutes. Let's expand people's options for telework and entrepreneurship.
Why is it that we have to perpetuate the suburban-to-urban commute? We really don't have to do that.
We do that already. It's called esty shop and Amazon and TH-cam. We do our shops online and make more money that way. So this dude and Europen no nothing about it.
Suburbs will bankrupt many cities and towns in the long run. It just costs cities and towns too much to pay for all the infrastructure needed such as roads, utilities, police, school busses. literally everything is more expensive when you spread out cities. It is now only paid for by expanding towns with more housing leaving to even more issues later.
And the suburbs also lead to longer commutes, leaving people to drive more and walk less. People have less time at home since they are stuck in traffic and are more likely to get takeaway food. Making people fatter and unhealthy.
Finally suburbs result in wastefulness. Americans use enormous amount of resources per person if you compare with other western countries. They use more fuel due to the longer commutes. They throw away more food since they stack there houses with food on weekly shopping trips. However large parts of the food they buy they then throw away when it expires. And the large houses that are built require extra heating and electricity and are filled up with stuff you do not really need.
Cope
Not a big loss, if your town goes bankrupt you just move
@@MrKongatthegates if the town is bankrupt who’s going to buy your house?
@@MrKongatthegates And goes your investment.
Would you prefer that we all live in a 400sq-ft apartment living next to Darrel that will eventually kick down your door and steal your bread and milk? No thanks I’ll live in my house that I bought with my hard worked taxed dollar.
I'm a french who is learning english and your in-depth news report over american's issues are the perfect listening materials. Thumb up to your work.
It’s honestly not an issue. This channel is just trying to make one out of it.
@@NinjaRunningWild It is an issue. Rising Home prices. Failing road infrastructure in suburbs. Desolate towns in Middle America.
@@NinjaRunningWild the copeeee
I was forced to a suburb because the city was completely unaffordable. I own a lovely 3 bedroom house here for less than I could rent a similar quality 1 bedroom apartment in the city.
And thankfully I can get to the city with a nice ferry ride and don't need my car almost at all.
But the Puget sound is a weird area. I just wish it wasn't so completely broken on the other side of the water.
The city was not affordable because demand is more than supply. That means we need to build more units to meet demand in the city. Zoning laws prevent this
strong towns has been on top of this for two decades , james howard kunstler also
The owner of strong towns lives in a single family house.
@@acommentator69 OK, but the argument in Strong Towns isn't that single-family housing is bad. Just that it shouldn't be built to the exclusion of all-else, or in ever-expanding rings of unsustainable cul-de-sacs.
@@mandisaw right. Just for the rich like Chuck Mahon. He wants single family to be exclusive to his socio-economic class. I think that we should have more equality in housing, like we do now.
@@acommentator69 Suburban housing is very far from egalitarian, especially if we're talking about economic class. There are very obviously rich suburbs and poor ones, and folks who live there are pretty clear on where the demarcation lies.
As for Strong Towns, their findings are statistical, not anecdotal. The challenges faced by suburban and exurb/semi-rural communities will need to be addressed, and soon. How the one guy who gave the initial TED talk is living is pretty immaterial.
@@mandisaw It doesn't invalidate his argument that he wants suburban housing to be only for the rich. I love how they hide behind "financial sustainability" as the reason, while having no issue with millions moving here every year and hundreds of billions being spent on stimulus checks and welfare.
Eliminate zoning altogether and let the Free Market work. People are going to get what they want and zoning laws just make everything more expensive for everyone.
Yep and different and difficult
Now you commies like the selective free market lol. Nice one. I trust the experts better than the free market just like you commies do with other things.
Except for industrial!
@@acommentator69 This isn't a commie idea, commie.
@@generalvanman8270 exactly. All this would do its make rich people richer and further decimate the standard of living for the middle class.
Thank you CNBC for such a succinct report. It's a topic I've followed since planners started talking about 'new towns' back in the 1960s, when it first became obvious that sprawl was causing more problems than it solved.
This report covers a lot of inter-related topics in a short space, and is very up to date. I like the substance of the comments which a report of this quality generates. They seem to be coming from people who are directly effected.
I like the suburbs but I would prefer to live in nature with no cars. I would like for suburbs to densify so rural land is more plentiful for people like me.
North america has a surplus of rural land. Esp. The west
How about less immigration? Ever though of that?
“Reforming zoning laws significantly increased the quality of life of citizens with college degrees, however it also significantly dropped home prices, affecting landlords”
OH NO, NOT THE LANDLORDS
As a millennial this video hits home, a millennial who can't affords to buy a house.
Dude same here. Even worse i am minority trying to buy a house.
Affords? Maybe learning proper English is what’s holding you back.
Sorry you made bad life in decsions. Actually, not sorry.
@@madat5843 which bank turned you down for being a minority? I will stop using them. I hate a racist.
@@NinjaRunningWild lol!! Chill out its a 1 letter typo on a TH-cam comment, not a research paper for an argumentative writing class at university.
The city near me had more lockdowns, mandates, taxes, restrictions and moratoriums. Meanwhile suburbs were open for business. People are buying further out to avoid the city.
The sprawl experience in Canada is similiar but I think its better. I live in a suburb near a major city (not Vancouver, not Toronto) and moved from City to Suburb to gain access to the large green spaces and wetlands that are incorporated into the subdivision. I'm 1 block from a elementry school, three blocks from two restraunts and a 1 km walk along a stream from a grocery store. During the summer I cycle to work in a business park about 45 minutes away. I say this not to brag but to say that zoning rules can workout for the best for everyone if its planed right.
Yeah, I think it depends on which part of the country. What you described is basically exactly how it is where my parents live in Florida! They live in the suburbs but there are bike paths to the schools nearby, a huge shopping center which is like 20 min away by bike, and a bunch of large grocery stores the other direction. I just wish they had a train to downtown and to the airport alongside more parks nearby.
@A. Brown yep stay away from big cities (Canada or USA), its better to live/tread lightly on the environment is far better than environmental modernism where you are removed from the environment and are a blight on nature.
i'm gonna be like Tim Riggins, buy some land in the middle of nowhere , build a house , make memories
So when interest rates rise the housing prices will fall. If people cannot afford the payment at 3% interest how would they magically be able to pay the same for a house at 5%. Bring on rational interest rates to bring down the insane prices of everything and let normal people make interest on their savings and not have to gamble in the stock market
I don't have money... I work 2 jobs, but still can't afford any house. This is America... :'(
No, that's your out-of-context, anecdotal experience. I have one job (my wife does as well) and we're moving up in house. This is MY LIFE in America.
You sound like a compulsive liar @brace
Get a better education & career path. Your problem is you.
Sorry that you made bad life decisions. Nobody's fault but your's.
that's american capitalism for you. Rich get richer, poor gets poorer
Keep up the good work 😃😃
suburban sprawl is not an efficient or sustainable or enjoyable way of life
all that money spent on gas, time spent in traffic...for what ?a big yard and quiet
so not worth it
better to live in a medium density area like London or Paris with huge Parks at a 10 minute walk and have shops, restaurants, delis within walking distance.And they are rather quiet places save for the big avenues
I’ll happily stay in my suburb, thanks. Lots to do, super safe, financially well off, and after the riots and destruction seen in the inner cities in the recent years…yeah y’all need to get a grip on those people before any of us make a decision to move there lol
Suburban house cat watching Fox News thinking the whole city is on fire. Should probably leave your suburbs and go see for yourself that it’s a tad bit exaggerated
Look at dutch suburbs. They are so much more livable
Shocking, you just let people use their property like they wanted to all along? 😂
Building sustainable Public Transit should be a priority in every community of the USA.
Car centric suburbs are to deter poor people, and in turn, deter crime... No one with any good sense, who likes their suburb, wants to make them more accessible.
@@SomethingBeautifulHandcrafts I appreciate your response. However, I strongly disagree. Public transit is not only for the less fortunate. What if someone is unable to drive? Poor people are not criminals.
Too expensive and only gives criminals faster access to small rural towns.
@@michaelmullin3585 Thank you for your response. Criminals can drive cars too...wtf. Moreover, public transit reduces the likelihood of crime because they are being video recorded and cannot carry objects on the vehicle duh. There's another person watching them, like in an Uber. Microtransit solutions actually become profitable and save communities money in the long run. Instead of having all of that money going to the big auto companies in the form of debt. Less driving leads to better self-care.
@@michaelmullin3585 Public transit has nothing to do with crime. Crime happens with or without public transit
In short: Instead of building dense affordable housing in the inner cities - we continue to build overpriced cookie-cutter subdivisions that accelerate urban sprawl and contribute towards wildlife habitat loss and racial inequality.
And don't forget the negative impact on health through lack of movement as well as depression inducing isolation and loss of independence for children and time of parents these setups foster.
Screw the inner cities.
Suburbs also causes a city to become bankrupt.
@@NinjaRunningWild scared of colored people i see... 📸🤨
@@Brabour I live in the suburbs and my son’s graduating class had over 500 kids of every background I will add. I hardly call that isolation. As for health, we also have lots of nice green belts and parks to enjoy.
Inb4 but i don't want to live in super dense neighbourhood, you don't have to all it takes is good planning and less restrictive zoning. You can live in walkable places with densities as low as 450/square km.
I'm fine with suburban sprawl, but they should pay for the added expense of providing new public roads, and water and sewer. Why should we all pay for that?
Denser urban areas simply do not build enough larger units for families. Therefore, the suburbs. “Downtown” builds are never designed for families or multi-generational living. Until we mandate family-sized, affordable units other than in the outer suburbs, we will continue to sprawl.
At various points, my grandparent's house had them & their kids (my mom's generation), at least one great-grandparent, and me (plus briefly my sibs, since my mom needed help with the infants). I've got friends who were immigrants in the 80s-90s, and lived 3-families to an apt for a few years after arriving in the US. People nowadays act like if you don't have 1.25 bathrooms per-person, then it's unlivable. I assure you, two 5yo kids can indeed share a bedroom LOL
That is BS. You don't know what you are talking about.
Okay, and if we do continue to sprawl we can change zoning and the way we build to make it less car-centric. But then, oh no! Everyone is like "but my personal freedom!!" Well they won;t need a car to have freedom if they live in a proper place with good transit access. (Good transit also means safe and comfortable transit, something America also fails on).
as a someone who grew up in high density part of the globe, suburb is the best way to live.
High density in a Third World country is not fun. Medium density in a first world country like Japan can be quite fun. If you were asked to pay the true cost of low density including all utility lines and road costs without federal subsidies, then you would be forced to move because you probably couldn’t afford it. Even if you like living that way you can’t afford it without tax payer subsidies.
Thank you. All of these entitled people who have only ever lived in the suburbs don't realize how bad high density housing is.
@@WhatIsThis-zq4hk eliminate all welfare and the federal income tax and then we can start talking about reducing the small amount of subsidies that exist.
@@acommentator69 i lived in a walkable neighborhood without a car a few years ago and it was wonderful. Now I can’t afford it.
@@acommentator69 “eliminate all aid to poor people and then will start talking about eliminating aid to wealthier people”
Nice.
office buildings and houses or apartments built next to each other reduces traffic because people don't have to commute as far, or can even walk/ride a bicycle. they spend less time in their car. zoning should be less restrictive to allow this. it would probably also reduce house prices because people aren't competing to live in the same area.
But people don't need shops next door they can order online. Why do you think Amazon is so rich. So ...
Who cares do your not think it strange that their videos are anti jobs? Think about it
The construction jobs section thanks to suburbs will always have a job yet y'all are saying we should cut down their job section because some TH-camr said so? Now let's not forget that car companies hire people so less cars means less jobs. Or did y'all all forget? Then let's go to the education section. Each school has only 15 students per classes it's better and more effective. Now how are they supposed to do that? Without building out? And if they build out why should parents have their children going to schools many miles away from home. Do you see the problem? Suburbs are the for one good reasons schooling and the children. Better schools means more classrooms that have 15 students per class each. To better handle each student need. So ...I don't get this video point. And with each house and school built guess what businesses move there too. I know this dudes don't live in America but for each suburb that is a Walmart and Kroger and so on. That again in jobs. So again he and others like him are just trying to crash the economy. I say leave it be and build better eco friendly cars. It's that simple.
@@leahp1765 Why do you keep typing this same damn reply on multiple comments under the video. Just shut up.
Not even the suburbs are affordable anymore. From 2019 to now, our suburban home went up 300k in value bc of buying craze. America is in deep trouble if prices go up that much in 3 years.
Freedom, Freedom, Freedom we shout in America while forcing people to live in overly large homes and being car dependent. There is nothing wrong with single family homes but that should come with a compromise for every 1 suburban neighborhood built you must also build condo complexes, tiny home communities and local business incorporated within that. Instead we build 10 suburban neighborhoods and sprinkled in-between are corporate shops along with some apartments and condos. Not everyone desires or wants a single family home. Sidewalks are a joke and we should be developing larger sidewalks that connect all of the neighborhoods together. No one should have to be forced to drive a car because of poor zoning and housing should not be confined to the single family home. We are a diverse nation yet somehow plan cities that make sense only for a few.
The Federal Reserve is scaring markets with the triple threat policy tightening, investors have been preparing for the federal reserve to start hiking interest rates. They also know the central bank is cutting the amount of bonds it buys each month. On top of that, they figured, eventually, the tapering would lead to a reduction in the nearly $9 trillion in assets the fed is holding. Indeed, the market won't have to wait long to hear where the Fed is headed, these and many more other factors are reasons why i prefer day trading to just hodling cause you can ride the downtrends and uptrends whichever way the market is going and make profits.
You seem to be good at what you do, what strategy should a new investor like myself employ ? I started investing only this year and so far all the stocks and tokens I have invested in happen to drop immediately after I get in. Do I wait for more stability before giving another try?
Not actually about what I know about trading. I just mirror trades from a professional trader Joseph Michael, You probably have gotten across him doing some stock analysis in the news. I met him at a startup funding seminar and we discussed a lot, ever since then i have come to understand the benefits of copy trading, an aspect of the now trending algorithmic trading method.
^Just checked Joseph's profile at the FINRA and IAPD his license and certifications are insane. I am definitely contacting him. I just have to copy his trades right? How do i reach out to him?
..
👆, you can reach him with the info above, probably shoot him a mssg, and yes my money stays right in my account, that's the idea behind copy trading. My account just mirrors his trades in real time
Don’t understand why people like these suburbs so much, they don’t look attractive to me at all.
All I hear is City dwellers are big mad living in compact rat and roach filled areas
Stop building crappy cities in the US. We don't like what "urban planners" (destroyers) are building.
Government has strangled cities to the point where we'd rather see them just go away.
I agree that urban planners have historically strangled and destroyed cities (with the construction of highways and parking everywhere, for example) but I think today things are moving in the opposite direction. Today's urban planners focus on turning parking into parks, and building pleasant spaces for people to be. In fact, cities today are growing, not shrinking, and I'd say that at the moment they're experiencing a rebirth, not a death. Can you point to anything specific that urban planners are doing today that's "strangling" cities?
Surprised 'Not Just Bikes' hasn't show up yet.
He is jealous that everyone doesn't have to live like they are poor
@@acommentator69 he lives in the netherlands. He's fine. A lot more beautiful than america too LOL
You put the cart before the horse. The only way for average income families to accumulate wealth is: Home ownership.
If you want to get rid of the suburbs you'll have to:
1) Overhaul the entire economy and tilt it in favor of workers/savers
OR
2) Develop an ownership model where people own their city apartment instead of renting it.
Another long video missing the main point, which is that "commercial" zoned areas should be abolished. Single story retail is the biggest problem in American city planning. The question should not be "How do we fix suburbia?". It should be "How do we fix our cities?"