The New American Dream Home Is One You Never Have to Leave [The New York Times]
New Home Company Inc. (The) (NWHM)
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Source: The New York Times
Forget the game room and formal dining. You need space for aging parents and Airbnb guests. Credit Credit Igor Bastidas Supported by By Candace Jackson Ms. Jackson is a real estate journalist. Oct. 13, 2018 In the southwest corner of Elk Grove, Calif., about 15 miles outside of Sacramento, there’s a shell of a shopping center that was partially built during the peak of the real estate bubble, then abandoned when the market crashed. Locals have taken to calling it the Ghost Mall. Look in one direction from the Ghost Mall and you’ll see farmland. Turn the other way and you’ll see what looks like a brand-new town being built from scratch. From a distance, the whole thing looks just like the kind of master-planned suburban community that went up along the outermost edges of cities all over America in the early 2000s, before the housing bubble burst. And in many ways, it is. But the American dream of homeownership has changed in the last decade — and so
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