SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (317049)12/27/2006 3:22:41 AM
From: tejek  Respond to of 1574096
 
Carmel, where the Russells just bought a house, is not a close-in suburb. About 45 minutes north of downtown at rush hour, it is one of the fastest-growing communities in greater Indianapolis. Schools are among the best in Indiana, and housing is abundant and, by national standards, extremely affordable for professional couples. The Russells bought their four-bedroom house on half an acre for $230,000.

Urban planners complain that exurbs such as Carmel are bleeding cities of the middle class. But Jim Russell said he and his wife have made "the logical choice" by moving to a upper-income neighborhood that is safe, comfortable and better for their growing family.


In some cities like SFO; Portland; Seattle; Vancouver, BC; Minneapolis; San Diego; Chicago etc., there is a steady stream of affluent people moving from the suburbs into either the downtown area of these cities, or in close in neighborhoods.

Check the difference between American cities and a Canadian city regarding downtown living:

Seattle************22,772***563,374
Portland**********10,766***550,560
Vancouver, B.C.**82,000***583,296
Denver*************8,000****567,450

The first column is the population living downtown; the second the overall population of the city. Notice how far ahead Vancouver is.


An article that discusses the movement back to cities:

money.cnn.com



To: RetiredNow who wrote (317049)1/12/2007 6:11:26 PM
From: TimF  Respond to of 1574096
 
This article below defines the middle class as earning 80 to 120% of the median local family income.

A bit too narrow in my opinion.