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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? 2616 Rune 09-Sep-18 12:03
Re: Finally Waving Goodbye to the American Dream? 397 Sirius7237 15-Sep-18 20:21
Re: Finally Waving Goodbye to the American Dream? 384 ldennyjr 15-Sep-18 21:45
Re: Finally Waving Goodbye to the American Dream? 394 Raja 15-Sep-18 22:13
Re: Finally Waving Goodbye to the American Dream? 369 Thunderbird 23-Sep-18 22:54
Re: Finally Waving Goodbye to the American Dream? 365 Eddie Larry 23-Sep-18 23:19
Re: Finally Waving Goodbye to the American Dream? 391 Thunderbird 24-Sep-18 02:48
In order to say hello... 354 Racho 24-Sep-18 14:14
Re: In order to say hello... 396 Thunderbird 24-Sep-18 15:11
Re: In order to say hello... 353 Raja 27-Sep-18 19:58
Re: In order to say hello... 362 Raja 27-Sep-18 20:14
Re: Finally Waving Goodbye to the American Dream? 355 Eddie Larry 24-Sep-18 22:55
Re: Finally Waving Goodbye to the American Dream? 345 Raja 27-Sep-18 20:41
Re: Finally Waving Goodbye to the American Dream? 356 Eddie Larry 27-Sep-18 21:48
Re: Finally Waving Goodbye to the American Dream? 348 Raja 28-Sep-18 19:00
Re: Finally Waving Goodbye to the American Dream? 693 Eddie Larry 28-Sep-18 20:46
Re: Finally Waving Goodbye to the American Dream? 392 Lost_In_Place 27-Sep-18 22:03


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