Glasgow Village exemplifies trend of vanishing homeowners

[pstokely]

http://www.stltoday.com/business/local/article_18d05540-1a62-5c52-81b5-9f7278fa3b0d.html?mode=story

Glasgow Village is a classic St. Louis suburb.

It has curvy, oak-lined streets with Scottish names such as Glen Garry Road and Durness Drive. Basketball hoops in driveways and American flags. Trim green yards fronting the kind of 900-square-foot ranch houses that sprouted across north St. Louis County in the years after World War II, home to a generation that moved to the suburbs for a better life.

One ingredient of that better life was homeownership. Those places were built around the idea that people owned the houses they lived in; that they cared for them and the neighborhood. But in Glasgow Village, like many places in that belt of North County, homeownership is fading, neighborhood ties are fraying, and an uncertain future lies ahead.

[provis99]

1. here's what's really going on:

"In 10 years, it has gone from 57 percent white to 82 percent black. "

-it ain't the market conditions, it's white flight, which has been around since the 1950's.

[pstokely]

2. No one watnts a 3 bedroom cracker box, they want a McMansion

housing stock is another problem