America's cities are booming — for a very specific demographic
"Americans aren’t moving back to the cities. Just 20- and 30-somethings.
But actually, not all 20- and 30-somethings are moving back to the cities. Only those with a four-year college degree and incomes in the top 40 percent are.
And not even all 20- and 30-somethings with a four-year college degree and incomes in the top 40 percent are moving back into cities. Mostly the ones without school-age kids are.
And if you thought that was it, it turns out that not all 20- and 30-somethings with a four-year college degree in the top 40 percent of income without school-age children are moving back into cities. It’s mostly just the ones that are white."
Ok, you've already heard this from me. Cities were a mistake. We are beginning the great re-arrangement of where and how Americans live. The young will continue to enjoy cities, but that will be only until they have children, then they will leave. We will ultimately need to repurpose our cities. If we do not, they will become hollowed out like Detroit. If we do, we can likely repurpose them as business, and entertainment centers.
The Next Hundred Million: America in 2050, by Joel Kotkin
Kotkin is a excellent demographer who has a good grasp of American demographic history, current trends, and extrapolates a well reasoned scenario of what America will look like in 2050. It is well worth a read.