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America has had a relatively high level of immigration since the 70s, doubling its population. Most of those people settled in the cities and their suburbs. This resulted in a higher population density in and around the cities, creating higher real estate prices. Real estate is not like a high tech gadget that can be mass produced. The first thing venture capitalist in the Silicon Valley do once they get their funding is tie down a house in a good area. That about says it all. In an age of globalization, companies don't need to hire the middle class, they can go directly to the third world, or bring in the cheap labor. There's your American dream!

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Subject Views Written By Posted
Finally Waving Goodbye to the American Dream? 2114 Rune 09-Sep-18 12:03
Re: Finally Waving Goodbye to the American Dream? 226 Sirius7237 15-Sep-18 20:21
Re: Finally Waving Goodbye to the American Dream? 217 ldennyjr 15-Sep-18 21:45
Re: Finally Waving Goodbye to the American Dream? 226 Raja 15-Sep-18 22:13
Re: Finally Waving Goodbye to the American Dream? 207 Thunderbird 23-Sep-18 22:54
Re: Finally Waving Goodbye to the American Dream? 194 Eddie Larry 23-Sep-18 23:19
Re: Finally Waving Goodbye to the American Dream? 220 Thunderbird 24-Sep-18 02:48
In order to say hello... 193 Racho 24-Sep-18 14:14
Re: In order to say hello... 223 Thunderbird 24-Sep-18 15:11
Re: In order to say hello... 187 Raja 27-Sep-18 19:58
Re: In order to say hello... 191 Raja 27-Sep-18 20:14
Re: Finally Waving Goodbye to the American Dream? 198 Eddie Larry 24-Sep-18 22:55
Re: Finally Waving Goodbye to the American Dream? 183 Raja 27-Sep-18 20:41
Re: Finally Waving Goodbye to the American Dream? 188 Eddie Larry 27-Sep-18 21:48
Re: Finally Waving Goodbye to the American Dream? 183 Raja 28-Sep-18 19:00
Re: Finally Waving Goodbye to the American Dream? 371 Eddie Larry 28-Sep-18 20:46
Re: Finally Waving Goodbye to the American Dream? 226 Lost_In_Place 27-Sep-18 22:03


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