California lost lower-income residents to other states over a recent 11-year period, while gaining wealthier households from elsewhere in the U.S. The disparity reflects the state's sky-high rents and home prices.
The same story is playing out, over and over: People are flocking to the Bay Area for high-skilled, highly paid jobs, while cashiers and teachers are, increasingly, saying goodbye to a place they no longer can afford.
Many American cities continue to grapple with depressed home values in neighborhoods that were subject to "redlining," a discriminatory lending policy, 50 years after it was outlawed. But that's not the case in Denver.
The corner of Ninth and East Passyunk Avenue in South Philadelphia is no stranger to crowds. A developer's proposal to build three rowhouses and 21 apartments atop 5,300 square feet of new commercial space just steps from the busy intersection could only make it worse.
Plans for a West Palm Beach, Fla. development with micro-condominiums, affordable apartments, offices, a grocery and a park, have collapsed over city commissioner concerns the developer couldn't make it happen.