Umm, because the denizens of those neighborhoods were not the type that your "young, college-educated" wants to be around? If the YCE wanted to pay the rent, the houses in those neighborhoods would have been fixed up by their landlords and never torn down.
I don't see anyone here rushing to buy or build investment property for the masses of YCE their trendy apartments and lofts will attract. Money talks and bullshit walks. DY is just a bunch of folks playing SimCity.
Bookmarks