Why 'place' is the new American dream

The new American Dream will transform cities and towns in the 21st Century. To understand it, we have to grasp a few features of the previous American Dream, which created the metropolitan regions that we know today. That Dream is still operative — although it has faded a bit since the 2008 housing crash. A Pew study shows the country now evenly split between two visions of the good life.

There were many good parts to the 20th Century American Dream. It provided shelter for three generations of Americans. It delivered a house, a yard, and a car (later two or three cars) to most households.

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