Small and for Rent.
The trend is to scale back. According to the Census Bureau, the median size of home starts dropped to 2,114 square feet in the fourth quarter of 2008, down more than 100 square feet from the first quarter of the year. And 100 square feet is a significant slice of space.
To a surprising degree, the causes of this crash are geographic in nature, and they point out a whole system of economic organization and growth that has reached its limit. Positioning the economy to grow strongly in the coming decades will require not just fiscal stimulus or industrial reform; it will require a new kind of geography as well, a new spatial fix for the next chapter of American economic history.Mr Florida also sort of debunks the myth of ownership as part of the "American Dream":
He even sees the end of suburbanization and low-density sprawl and because "the economy is driven by key urban areas; a different geography is required".
If anything, our government policies should encourage renting, not buying. Homeownership occupies a central place in the American Dream primarily because decades of policy have put it there.I don't necessarily agree with him on this. I think it has been part of the American Dream since the Letters of an American Farmer and Jefferson's dream of an ownership society. However, faced with this crisis, the Americans may have to reshape their Dream indeed and be a bit more creative and flexible with regard to their "pursuit of happinness" .