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prices of existing single-family homes | Source: The Demand Institute The gap between communities The bottom 40 percent held just 8 percent of housing value,<a href=" " target="_blank">cheap retro jordans< a>, or $700 billion worth. In the same 12-year span,<a href=" " target="_blank">cheap jordan shoes< a>, they had seen just 9 percent of the increase in income and 9 percent of the growth in employment opportunities. The upshot: There are not only wide gaps in wealth between individuals but also between entire communities, even in the same state or metropolitan region. How will that play out in the future? Projections over the next few years show property values in the top 10 percent of communities set to rise seven times more than those in the bottom 40 percent ― $1.9 trillion to $260 million. For the well-off communities,<a href=" " target="_blank">cheap jordans< a>, the increase translates to a virtuous cycle; more property-tax revenues support more public services like schools,<a href=" " target="_blank">air jordan shoes for cheap< a>, parks and mass transit. Those in turn draw more people, and they drive housing values up still further. For poorer towns, the spiral works in reverse. Tax dollars fall,<a href=" " target="_blank">airjordanshoesreal< a>, public amenities decline, employers move elsewhere and property values drop. That rich-getting-richer syndrome spells stasis. Only about a dozen of the 2,200 towns studied moved into or out of the top ranks in recent years. “Absent unexpected developments, it seems highly likely that the weakest communities will lag further and further behind,<a href=" " target="_blank">cheap real jordans< a>,” write the authors who sorted towns and cities into nine different types, ranging from the successful ― so-called &quot;Affluent Metroburbs&quot;<ul>
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