Whatever Happened to the American Suburb?

Ryan Goldberg  Jul 07, 2009 12:30 pm

Whatever Happened to the American Suburb?
 
Urban problems come to suburban sprawl.
 

 
But despite the pleasant surface, sprawl and traffic continue to push inward. As Nassau County executive Tom Suozzi has said, the old model of suburbia -- one of single-family houses set apart from one another, which began with Levittown 60 years ago -- is no longer sustainable.

Nassau County’s population is smaller now than it was in 1970, and the town has run out of developable land. Taxes are high, and young people are leaving. Suozzi recently prepared a campaign to develop Levittown America’s first “green” suburb -- but residents told me it's gone nowhere so far.

Mullan believes the economics of suburban living will eventually force things to change, although he anticipates resistance.

"One idea about suburbia is a house on a big piece of property with space and trees. We don’t want to think about blacktop and cars. We don’t want to think about change," he said. “My American dream was a house, and a yard, and a family -- a homestead.”

He asked my age; I told him I was 26. “I believe my American dream is not your American dream. The idea that you’re not a success unless you own a home -- your generation or the next is not going to hear that. It’s not [going to be] what defines a person.”

As a result, home ownership -- a devoutly held ideal that Levittown helped create -- will lose its value. Owning grass, as Mullan joked, won’t be the end-all of human existence.

At first mild-mannered, Mullan grew passionate talking about how the suburbs should adapt. As sociologists and city planners have argued, Mullan believes that zoning needs to change to reflect that commercial and residential properties may have to share the same street. People will need to draw closer together, not further apart.

After nearly 80 years and 200,000 homes, Levitt & Sons filed for bankruptcy in late 2007 -- the result of bad bets on luxury homes in southern Florida. It's a sad, ironic twist on the American dream: The builders that helped to create it were ultimately sunk by its pursuit.
27 of 34 (79%) found this helpful
Rate this article:  (34 Votes)
Comments (3) See All Comments »
07-07-2009, 6:27 pm
I see this "death of suburbia" in the same way I see this peasant "savings" phenomenon.

The suburbia that I'm familiar with - which was created ~30 years ago - was created for only one reason. So the domi
Read More
07-08-2009, 5:17 am
Nice piece, Ryan.
Read More
07-08-2009, 8:24 pm
Very early. Wanted to own a house and we did by 24 or so.

All we could afford was a turn of the century fixer upper. Please do not imagine some quint Victorian house with fancy woodwork. This was a rural home and except for the car
Read More
discuss this article and more on the mv exchange
No positions in stocks mentioned.

Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options.  Click here for a free 14 day trial to OptionSmith by Steve Smith.



The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2009 Minyanville Media, Inc. All Rights Reserved.

Ticker Talk
Popular Tickers:
F »AMZN »HIG »
Select
  •  
Talk Now
Share this Talk on your site:
Send us your feedback

Our Professors

rss article alert