American Dream

Low-income condos built as part of a New Urbanist development at the site of Denver's old Stapleton Airport have a high vacancy rate. According to the Denver Post, the developer thought the low-income condos would be attractive to single mothers and "people of color," but most buyers have been single white men right out of medical school. The developer says she "underestimated the bias that families have for wanting detached housing or a little yard of their own." So she is now marketing the subsidized housing to people whose lifetime earnings will likely be in the millions of dollars.