Monday, April 03, 2006
American Dream Out of Reach in Chicago Suburbs
ILLINOIS - When people think about affordable housing in DuPage County, they don't necessarily think about firefighters, teachers and nurses — but they are the people having a hard time finding a place to live in the area. According to the DuPage Housing Action Coalition, the median price for a single-family house in DuPage in 2005 was $334,900, which is 59 percent higher than the median price statewide. Former Attorney General Jim Ryan talked about equality of opportunity saying, "We believe that everyone who works hard ought to have a shot at the American dream, and part of that American dream is owning your own house."
Comments:
This is an excellant article on why we need more Smart Growth as suburbs have run out of room or they are no longer affordable. It's unfortunate that someone who makes 45K a year can't afford a single family home in the burbs but this is becoming the case all over the country.
The American dream of owning a home is becoming a fantasy. Home construction companies have priced out middle America so it's just better to give up the dream and lower your vision to a condo or coop.
It used to be affordable moving to the suburbs but not anymore. In fact, someone making 45K a year will have to become car free, live in the city in order to qualify for a condo!
The days of driving to work and to your home in the burbs are coming to an end.
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The American dream of owning a home is becoming a fantasy. Home construction companies have priced out middle America so it's just better to give up the dream and lower your vision to a condo or coop.
It used to be affordable moving to the suburbs but not anymore. In fact, someone making 45K a year will have to become car free, live in the city in order to qualify for a condo!
The days of driving to work and to your home in the burbs are coming to an end.
